Photo by: Tantalex Lithium Resources Corp
Name of the Project
Manono lithium tailings project.
Location
South of the town of Manono, in the Tanganyika province of the Democratic Republic of Congo (DRC).
Project Owner/s
Tantalex Lithium Resources Corp.
Project Description
Manono features ready-to-use tailings dump resources, a legacy of historical tin mining in the area, comprising 11 coarse tailings dumps divided into a northern and southern sector and named alphabetically from A to K.
The Northern Manono sector contains dumps A to F, while the Southern Kitotolo sector contains dumps G to K.
The tailings dumps will be reclaimed by an excavator at each of K, I and G dumps, and loaded onto dump trucks for transport onto an overland conveyor that will feed a stockpile at the processing plant. The plant will have a nameplate capacity of 1.26-million tonnes a year of run-of-mine ore producing about 112 000 t/y of spodumene concentrate over a six-year mine life.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
On a nominal basis, the project shows a robust pretax net present value, at a 10% discount rate, of about $764-million and an internal rate of return (IRR) of 87.4%. The project has an estimated pretax net present value, at a 10% discount rate, of $638-million and an IRR of 82.3% on a real basis, with a payback of one year after first production.
Capital Expenditure
$147.7-million, including contingencies.
Planned Start/End Date
Not stated.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
Sedgman Novopro (PEA); MSA Group (mineral resources and mining studies).
Contact Details for Project Information
Tantalex Lithium Resources Corp (DRC), tel +243 898 63 0315 or email info@tantalex.ca.