Lake Resources NL (ASX:LKE) Kachi PFS Refreshed with US$1.6Bn Value
Kachi PFS refreshed with US$1.6Bn valueBrisbane, Mar 17, 2021 AEST (ABN Newswire) - Clean lithium developer Lake Resources NL (
OTCMKTS:LLKKF) has refreshed the Company s flagship Kachi Lithium Brine Project Pre-Feasibility Study (PFS) based on revised lithium price estimates which has increased the project value NPV8 to US$1.6 billion (A$2.1 billion). Lake is assessing a potential expansion to production of lithium carbonate equivalent (LCE) from Kachi.
The Kachi Lithium Brine Project Pre-Feasibility Study (PFS) (refer ASX announcement 30 April 2020) of 25,500 tpa of lithium carbonate was refreshed with an updated lithium price forecast of US$15,500/tonne for high purity battery grade lithium carbonate (CIF Asia), without changing other parameters. This demonstrates a more robust financial outcome than the original conservative PFS price assumptions.
FTSE 100 remains in the red with oil shares mixed after IEA report
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
FTSE 100 slips back but BT Group PLC and Hargreaves Lansdown PLC buck the trend
proactiveinvestors.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.co.uk Daily Mail and Mail on Sunday newspapers.
2021-03-17 by Proactive Australia
Lake Resources NL (ASX:LKE)(OTCMKTS:LLKKF) has refreshed the pre-feasibility study (PFS) for its flagship Kachi Lithium Brine Project based on revised lithium price estimates, which demonstrates a more robust financial outcome than the original conservative PFS price assumptions.
Kachi s project value, as post-tax net present value (NPV), increases 110% to US$1.58 billion (A$2.1 billion), with a 35% internal rate of return (IRR) and annual EBITDA of US$260 million (A$350 million), using updated lithium price forecast of US$15,500/tonne for battery-grade lithium carbonate.
The clean lithium developer is also assessing the potential increase of lithium carbonate production at the Kachi Project, as demand continues to rise from battery makers for high purity product.
Lake Resources NL refreshes Kachi Lithium Brine Project PFS with NPV now US$1 58 billion and potential production increase under review
proactiveinvestors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from proactiveinvestors.com Daily Mail and Mail on Sunday newspapers.