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Name of the Project
Prairie lithium project.
Location
Williston basin of Saskatchewan, Canada.
Project Owner/s
Arizona Lithium.
Project Description
Prairie holds a resource of 6.3-million tonnes of lithium carbonate equivalent comprising 4.5-million tonnes of lithium carbonate equivalent in the indicated category and 1.8-million tonnes in the inferred category.
A prefeasibility study (PFS) has reported initial production of 6 000 t/y, consisting of three inaugural well pads, each producing 2 000 t/y of lithium carbonate equivalent over a 20-year mine life.
The robust PFS economics for Phase 1 can be replicated, and additional modules will increase production to between 20 000 t/y and 25 000 t/y in Phase 2, and multiples thereof in Phase 3.
Potential Job Creation
Not stated.
Net Present Value/Internal Rate of Return
In the base case, the project has a pretax net present value, at an 8% discount rate, of $448-million and an internal rate of return of 23.9%, with a payback of 2.2 years.
Capital Expenditure
Phase 1 – $290-million, including contingency.
Planned Start/End Date
Initial production is slated for the first half of 2025.
Latest Developments
None stated.
Key Contracts, Suppliers and Consultants
None stated.
Contact Details for Project Information
Arizona Lithium, tel +61 8 6313 3936 or email info@arizonalithium.com.