LithiumBank says Boardwalk lithium brine project's PEA generates pre-tax NPV of $2.7B LithiumBank
- On Thursday, LithiumBank Resources announced the highlights from the initial preliminary economic assessment for the Boardwalk lithium brine project located in west-central Alberta.
The project is targeting a total lithium brine production rate of 250,000 m3/d over a period of 20 years from 50 production wells. The lithium processing facility is designed to a nameplate production capacity of approximately 31,800 metric tonnes per annum of battery grade lithium hydroxide monohydrate .
According to PEA highlights, the project's pre-tax NPV is $2.7 billion and IRR is 21.6% with payback of 4.1 operating years; while after-tax NPV is $1.7 billion and IRR is 17.8% with payback of 4.5 operating years. OPEX is $6,807/tonne LHM. Project economics used $26,000/t LHM and provides"strong leverage" to higher lithium prices.
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