NOM: KELIBERS DFS CONFIRMS CONFIRMS PROFITABLE LITHIUM PROJ

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14.06.2018 kl 10:06
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NOM: KELIBERS DEFINITIVE FEASIBILITY STUDY CONFIRMS PROFITABLE LITHIUM PROJECT

10:00
Nordic Minings associated company Keliber Oy (Nordic Mining 22%) has completed
the definitive feasibility study for the lithium project in Finland. The study
confirms a profitable business case and outlines the plans for execution of the
project. Keliber targets to be the first vertically integrated producer in
Europe of battery grade lithium carbonate. The main results from the definitive
feasibility study are provided in this release.
For further information of the definitive feasibility study please see Kelibers
webpage at www.keliber.fi.
Key DFS outcomes
The main results presented in the DFS are:

Strong project financials:
Pre-tax NPV@8% of EUR 295 million
Post tax NPV@8% of EUR 225 million
Pre-tax IRR 24%
Post tax IRR 22%
Pay-back period: 5.5 years

Significantly increased mineral resource and ore reserve estimates

Average battery grade lithium carbonate sales volume of 10,745 tonne/year

Average lithium carbonate sales price of USD 12,357 per tonne

13 years of open pit and underground mining operations followed by 7 years
of production based on purchased spodumene concentrate

Upfront capital cost of EUR 199 million for mines and production facilities

Source Url: http://www.newsweb.no/index.jsp?messageId=453641


DFSen for inteteserte http://media.ne.cision.com/l/vnfbwzyz/mb.cision.com/Public/14755/2547499/9d2bf72f9229a7fe.pdf
Redigert 14.06.2018 kl 10:31 Arkivert