en.Wedoany.com Reported - Ignacio Mehech, CEO of CleanTech Lithium (AIM:CTL), stated that the company has secured a unique opportunity to become Chile's next lithium producer following the completion of the Pre-Feasibility Study (PFS) for its Laguna Verde project. The study revealed a positive technical foundation and compelling economic outcomes, including a pre-tax Net Present Value (NPV) of $1.37 billion (approximately $2 billion) and an Internal Rate of Return (IRR) of 24.2%.
The Laguna Verde lithium project is projected to produce 15,000 tonnes of battery-grade lithium carbonate annually over a 25-year operational life. The PFS also detailed a capital expenditure (CAPEX) of $748 million, an operating expenditure (OPEX) of $5,768 per tonne, and a payback period of four years. Mehech emphasized that the completion of the PFS marks the project's significant advantages in both technical and economic aspects.
Mehech pointed out, "The CAPEX intensity of approximately $49,900 per tonne of battery-grade lithium carbonate is competitive among global direct lithium extraction projects, while the OPEX benefits from Chile's conditions in infrastructure, logistics, and labor, positioning the project at a lower cost level within the industry. The completion of the PFS enables us to initiate the process of selecting strategic partners, and we have already engaged the advisor Cutfield Freeman & Co."
Moving forward, CleanTech Lithium plans to prepare the Environmental Impact Assessment, pursue a dual listing on the Australian Securities Exchange (ASX), and commence the Definitive Feasibility Study, while aiming to finalize the selection of strategic partners by the end of this year. The Laguna Verde project is located in Chile's Atacama region and holds ore reserves of 378,000 tonnes of lithium carbonate equivalent with an average grade of 186 milligrams per liter. As an exploration and development company focused on lithium projects in Chile, CleanTech Lithium is committed to advancing the clean energy transition.
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