PLS Brazil Colina Lithium Project Ranked World's Best Mining Project with Score of 80.7
2026-06-26 16:18
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en.Wedoany.com Reported - According to the Mining Intelligence 2026 Project Pipeline Index, PLS's Colina lithium project in Brazil ranked first among 656 evaluated projects globally with a score of 80.7 (out of 100), while North American assets secured the second to fifth positions.

The Project Pipeline Index evaluates projects from pre-feasibility to full feasibility stages using the latest economic study data across six categories: economics, jurisdiction, confidence, financability, engineering/metallurgy, and geology. Colina was the only project scoring above 80.0, leading the second-place Alamos Gold's Island Gold district expansion project with 79.8 points. Vizsla Silver's Panuco silver-gold project in Mexico ranked third with 79.7 points, while Rio Tinto's Galaxy lithium project in Quebec and Dakota Gold's Richmond Hill gold project in South Dakota ranked fourth and fifth, respectively.

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PLS's Colina project in Brazil excelled in the economics, confidence, and financability categories, achieving a perfect score of 10 in economics. The 2023 pre-feasibility study showed a project after-tax internal rate of return of 132%, a net present value of $2.5 billion, and initial capital expenditure of $253 million, based on a spodumene concentrate (SC5.5) price assumption of $1,699 per tonne. With a mine life of 11 years, annual production is 405,000 tonnes of SC5.5 concentrate and 123,000 tonnes of SC3 concentrate, with all-in sustaining costs of $536 per tonne. PLS plans to complete a feasibility study in the fourth quarter of 2027, with development timeline dependent on subsequent studies, funding, and lithium price trends.

The report conducted a development trend analysis on 656 projects with total initial capital expenditure of $335 billion, with full-page introductions for the top 50 projects. Mining Intelligence is a research division under Aspermont, and Mining Magazine is its affiliated publication.

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