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SYDNEY, Australia, Jan. 31, 2022 (GLOBE NEWSWIRE) — Lithium Power International Limited (ASX:LPI) (‘LPI’ or ‘the Company’) is pleased to provide shareholders with an overview of quarterly activities for the period ending 31 December 2021 (‘Quarter’, ‘Reporting Period’), including subsequent events that might have a significant impact between 31 December 2021 and the date of issuance of this Report.
HIGHLIGHTS
- Positive results delivered by the updated Definitive Feasibility Study for the Stage One Maricunga Lithium Brine Project
- Maricunga Stage One DFS delivers US$1.4bn NPV (after tax) at an 8% discount rate, providing an IRR of 39.6% and a 2-year payback. Average annual EBITDA of US$324m
- 15,200 tonnes per annum production of lithium carbonate (LCE) for 20 years with an exceptional ESG profile
- Operating cost (OPEX) of US$3,718 per tonne of LCE produced, placing the Stage One project in the lower quartile of LCE producers.
- Project direct development cost estimated at US$419m, indirect costs at US$145m and contingency costs at US$62m to provide …
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