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LSC Lithium

(LSC: TSX-V)

LSC ANNOUNCES POSITIVE PEA RESULTS OF 20,000tpa LITHIUM CARBONATE OPERATION FROM POZUELOS-PASTOS GRANDES PROJECT

TORONTO, ONTARIO – December 4, 2018 – LSC Lithium Corporation (“LSC” or together with its subsidiaries, the “Company”) (TSXV:LSC) is pleased to announce that it has completed the Preliminary Economic Assessment (“PEA”) for its Pozuelos-Pastos Grandes (“PPG”) Project.
PEA HIGHLIGHTS
• US$762 million after-tax NPV at 8% discount rate and IRR of 30%
• CAPEX estimate of US$338 million with 34% of estimate at PFS level accuracy
• OPEX of US$2,994/t of lithium carbonate over life of mine
• Mine life of at least 20 years with initial production in 2021 and steady state in 2024
• Designed for production of 20,000tpa of battery grade lithium carbonate
• Combined PPG Project Resource of 2,617,000 tonnes LCE in Measured and Indicated category and 938,500 tonnes LCE in the Inferred category
• Process development supported by benchscale test work. Pozuelos brine chemistry, in particular is amenable to excellent process performance
LSC’s President and CEO, Ian Stalker, noted, “These results support our view that PPG is one of the most advanced and economically viable lithium projects in Argentina. Operating costs are in the lowest quartile globally, the capital requirements are manageable, and we are excited by the large resource, which leaves room for future upsizing. This important development milestone will be further supported by the Environmental Impact Statement which we intend to submit to the Salta mining secretary before the end of the year. We look forward to 2019, when further pilot testing and geotechnical work at the project will support further data for a full Feasibility Study.”