Infinity Lithium Corporation: San Jose Lithium Project Lithium Hydroxide Scoping Study
(firmenpresse) - San Jose Lithium Project Lithium Hydroxide Scoping Study
Infinity Lithium (Infinity, or the Company) http://www.commodity-tv.net/c/search_adv/?v=298439 is pleased to announce the completion of the San Jose Lithium Project Scoping Study which highlights the ability to produce battery grade lithium hydroxide through the delivery of a fully integrated, low cost, long life project. This Study demonstrates the potential for a robust lithium hydroxide development project strategically located in the Extremadura region of Spain. Base pricing projections show the project generating a pre-tax NPV10 of US$717 and an IRR of 51%. Infinity is excited by the prospects of the robust project economic of the project. The key project economics are summarised below.
https://www.irw-press.at/prcom/images/messages/2018/45347/29112018_EN-1_Infinity Lithium LH Scoping Study Summary1.001.png
https://www.irw-press.at/prcom/images/messages/2018/45347/29112018_EN-1_Infinity Lithium LH Scoping Study Summary1.002.png
Electric vehicles (EVs) continue to facilitate robust demand projections for lithium chemicals. The rapidly evolving market for EV lithium-ion batteries increasingly requires nickel rich, lithium hydroxide-based cathodes as greater energy densities and therefore driving ranges are brought to market. Battery grade lithium hydroxide has greater demand forecasts when compared to lithium carbonate due largely to the changing cathodes dynamic, whilst additionally enjoying a significant pricing premium.
https://www.irw-press.at/prcom/images/messages/2018/45347/29112018_EN-1_Infinity Lithium LH Scoping Study Summary1.003.png
Lithium hydroxide is increasingly produced from hard rock. It involves a straight conversion process as opposed to brine sources, which first need to produce carbonate and then convert it to hydroxide. Very few companies are both mining from hard rock and converting it into battery grade lithium chemicals, giving the San Jose Project an advantage as a fully integrated process.
With readily available infrastructure including a major gas pipeline adjacent to the project area, San Jose is able to deliver battery grade lithium hydroxide at an average LOM operating cost of US$5,343/t. This places San Jose at the lower end of the lithium hydroxide cost curve as demonstrated below:
https://www.irw-press.at/prcom/images/messages/2018/45347/29112018_EN-1_Infinity Lithium LH Scoping Study Summary1.004.png
San Jose provides significant benefits for the region and people of Extremadura including:
- Large (+200) number of full-time jobs and a greater number (~1000) of supporting development roles for decades;
- Significant VAT revenues retained within Extremadura;
- Substantial Federal corporate taxes for Spain;
- Cornerstone value add industry of the future.
A full English version of the scoping study is available to view and to download here. - https://www.asx.com.au/asxpdf/20181129/pdf/440rqt5txhp4jf.pdf
For further inquiries please contact;
Ryan Parkin
CEO, Managing Director
T: +61 (0) 429 228 857
E: rparkin(at)infinitylithium.com-
Nick Morrison
Namcomm Consulting - Principal
T: +61 (0) 424 823 100
E: nick(at)namcomm.com.au
In Europe:
Swiss Resource Capital AG
Jochen Staiger
info(at)resource-capital.ch
www.resource-capital.ch
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Datum: 30.11.2018 - 13:02 Uhr
Sprache: Deutsch
News-ID 584822
Anzahl Zeichen: 3625
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