Western Lithium Kings Valley Lithium Project Pre-Feasibility Study Indicates $550 Million NPV and Supports Low Cost Lithium Production in Nevada
December 14, 2011, Reno, Nevada, USA -- Western Lithium USA Corporation (TSX: WLC; OTCQX: WLCDF) (“Western Lithium” or the “Company”) is pleased to announce the completion of a positive Pre-feasibility Study for its wholly-owned Kings Valley Lithium Project in Nevada, USA. Two scenarios were evaluated: A startup scenario based on mining and processing ore at a design throughput rate of 2,100 tonnes per day (13,000 tonnes per annum lithium carbonate), and a full production scenario to double production four years after startup (26,000 tonnes per annum lithium carbonate). The study demonstrates that the project could produce lithium carbonate at an estimated average cash cost, net of by-product credits, of $968 per tonne once full production of 26,000 tonnes per year lithium carbonate is achieved. Initial startup capital, including contingency is expected to be approximately $248 million. Incremental development capital to double lithium carbonate production to 26,000 tonnes per year is estimated at approximately $161 million. Sustaining capital of $40 million including contingency, is primarily composed of surface mine equipment, expansions of dry stack tailings and surface water management, and mine closure.
The 550 million is on 8% of their lithium resource and without their clay product.
PPS could have legs to 5+ with permits to be issued and positive Tesla news.