Lithium Chile Inc.
Brighter M&A Prospects: Resource Expansion and Anticipated PFS
Published: 4/18/2024
Author: FRC Analysts
*See important disclosures at the bottom of this reportSector: Basic Materials | Industry: Other Industrial Metals & Mining
Ticker Symbols:
LTMCF - NASDAQ 🔹
LITH.V - NEO 🔹
- LITH has completed an updated resource estimate for its flagship Arizaro de Salar project in Argentina. Resources increased by 24% to 4.12 Mt Lithium Carbonate Equivalent (LCE). The average grade increased to 323 mg/L (previously 317 mg/L). M&I resources account for 61% of total resources (previously 52%), implying increased confidence.
- Management is targeting a Pre-Feasibility Study (PFS) by June 2024. A Preliminary Economic Assessment (PEA) had returned an AT-NPV8% of US$1.1B using US$21.4/t LCE, and US$415M using US$15k/t LCE vs the current spot price of US$15.4k/t.