(Kitco News) - Nevada Lithium Resources (CSE:NVLH) released its preliminaryeconomic assessment for its Bonnie Claire Lithium Project, located in NyeCounty, Nevada.
The company highlighted the following:
Average annual production of 32,300 tonnes of lithiumcarbonate equivalent (LCE)
23.8% after-tax internal rate of return (IRR)
$1.5 billion after-tax net present value (NPV) at an 8%discount rate
Upfront Capital costs of $547M, which includes $126M incontingency
Models used a lithium carbonate price of $13,400/tonne. Thecompany was up 30% to 47 cents as of 2 p.m. ET.
The company said recovery may be environmentally friendly,stating that potential mining and recovery methods have "...ESGcharacteristics that will be attractive to lithium end-users," wrote thecompany.
In September another lithium developer in Nevada, ioneer,announced that it won't need to draw electricity from the grid to producelithium. Heatfrom processing will produce steam for electricity and powerprocessing.
By Michael McCraeFor Kitco News
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