Pre Feasibility Study

The Company completed it Pre Feasibility Study in June 2017, with the results of the PFS confirming the project’s technical and financial viability to become a significant producer of spodumene, petalite and tantalite concentrates. Highlights of the PFS Include:

  • Anticipated production of 75 000t spodumene concentrates/year (>6% Li2O) ramping up to 123 000t/year and 155 000t petalite concentrates/year (>4.1% Li2O) and 88 000 lb/year tantalite (>25% Ta2O5) concentrates over the Life of Mine
  • Maiden JORC Ore Reserves declared of 15.8Mt @ 1.34% Li2O and 125 ppm Ta2O5
  • The current Ore Reserves support a Life of Mine of 15 Years at an average strip ratio of 2.79 : 1
  • Comprehensive metallurgical testwork completed confirms ability to produce battery grade >6% Li2O (spodumene) and glass & ceramics grade >4.1% Li2O (petalite) concentrates with an average Lithia recovery of 71%
  • The Arcadia development schedule envisages an 18 month lead time to production with plant commissioning in Q3 2018
  • LoM Revenue USD2 Billion at a Cash Operating Cost1 of USD320 per tonne concentrate
  • Capital Expenditure of USD52.5 Million
  • Studies underway on establishment of a lithium chemicals plant

1 Cash Operating Costs include all costs associated with producing and shipping Li2O concentrates and are net of byproduct credits from Ta2O5 sales