en.Wedoany.com Reported - CleanTech Lithium (AIM: CTL) recently submitted a Pre-Feasibility Study (PFS) for its Laguna Verde lithium project in Chile, valuing the project's pre-tax net present value at $1.37 billion, with an estimated mine life of 25 years.

The report indicates that the Laguna Verde lithium project plans to produce 15,000 tonnes of battery-grade lithium carbonate annually, with an estimated pre-tax internal rate of return of 24.2% and a payback period of approximately four years. The initial capital cost is estimated at $748 million, with an operating cost of about $5,768 per tonne, placing the project in the low-cost bracket globally.

The company stated in a presentation: "These results highlight the economic strength of the Laguna Verde lithium project, positioning it to be a significant future source of battery-grade lithium supply." The report emphasized the project's stable long-term output and competitive cost structure.

The Laguna Verde lithium project benefits from well-established infrastructure and proximity to ports and processing facilities, simplifying export logistics. The project also benefits from growing lithium demand driven by the global energy transition and Chile's status as a mature mining jurisdiction.

CleanTech Lithium has signed a 40-year Special Lithium Operation Contract (CEOL) with the Chilean government, covering the entire process from exploration to production. The company stated that this contract reduces development risk and creates opportunities for establishing strategic partnerships.

The project has a probable reserve of 378,000 tonnes of lithium carbonate equivalent, with an average grade of 186 mg/L, supporting stable production after a brief ramp-up period. Annual cash flow projections indicate the project will generate substantial returns over its lifetime.

The Laguna Verde lithium project will utilize direct lithium extraction technology, initially producing lithium chloride on-site before transporting it to a downstream plant in Copiapó for conversion to lithium carbonate, minimizing the site footprint and leveraging existing facilities.

CleanTech Lithium is currently in discussions with potential strategic partners in battery manufacturing, automotive, and financial sectors to secure funding and advance the project towards production. Following the completion of the PFS and operational contract, the company will progress environmental approvals, aiming to become Chile's first new lithium producer in over three decades.

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