Wolfsberg Project Definitive Feasibility Study Results9 Mar 2023 20:58
For our information/interest - I didn't see this one RNS'd on Tuesday, 7th Mar. Would ahev thought that it would have been picked up here by y'all.
https://wcsecure.weblink.com.au/pdf/EUR/02641027.pdf
HIGHLIGHTS
• The Definitive Feasibility Study (DFS) demonstrates that the Wolfsberg Lithium project is set to deliver
high returns, leveraging low operating costs, and benefiting from a lithium market which is anticipated
to be in structural undersupply during most of the life of mine;
• Battery grade Lithium Hydroxide Monohydrate (LHM) production is ~ 8,800 tpa for 14.6 years;
• LHM OPEX (after byproducts) is US$ 17,016/t LHM on average compared to reported spot prices for LHM
in February 2023 of US$ 79,500 DDP Antwerp;
• LHM prices2
modelled in the DFS are projected to be at a 39% discount to current spot prices in 2025
and then escalate by 2% per annum;
• Estimated CAPEX is US$ 866 million which supports a post-tax NPV of US$ 1.5 billion @ WACC1
6%;
• Acceleration of decarbonization and energy transition in Europe combined with the rapid adoption of
electric vehicles provides further upside; and
• Construction of downstream project facilities expected Q4, 2023.