Century Lithium Corp. (TSXV: LCE | OTCQX: CYDVF | Frankfurt: C1Z) has announced the filing of the NI 43-101 Technical Report on the feasibility study of the Clayton Valley Lithium Project, Esmeralda County, Nevada, USA.
“Century Lithium is pleased to file the report on the feasibility study of our Clayton Valley Lithium Project,” said Bill Willoughby, president, and CEO. “The report is the culmination of the dedicated work of our team of employees and consultants and highlights the economic benefits of the project made possible by Century’s unique use of chlor-alkali and direct lithium extraction processing. The filing of the report now marks another major milestone for the company.”
During the preparation of the report, minor changes were made to the parameters used to determine the mineral resource and reserve estimates. The resulting economic analysis is effectively unchanged. Using a base case price of US$24,000/t of lithium carbonate, the project after-tax cash flow has a 17.2% internal rate of return (IRR) and a US$3.16B net present value (NPV) at an 8% discount rate.
Additionally, the mineral resource and reserve estimates for the project were updated for the report and built using geologic data and 1,318 lithium assays from 45 core holes drilled between 2017 and 2022.
The constrained measured and indicated resource estimate is 1,138.59Mt with an average grade of 966ppm lithium and contains 1.099Mt of lithium or 5.852Mt of lithium carbonate equivalent (LCE).
The proven and probable mineral reserve estimate was derived from the constrained mineral resources and contains 287.65Mt with an average grade of 1,149ppm lithium and contains 0.330Mt of lithium or 1.759Mt of LCE.
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