- ISIN: CA60040W1059
- WKN: A2AMUE
- VALOR: 33022473
Millennial Lithium Corp.
Powering Tomorrow's Generation!
Millennial Lithium is focused on the development of their flagship lithium brine project, Pastos Grandes, situated in the province of Salta in the Lithium Triangle of Argentina. The company has recently completed a Feasibility Study (FS) on Pastos Grandes Project which yielded Proven Reserves of 179,000 tonnes of Lithium Carbonate Equivalent (LCE) and Probable Reserves of 764,000 tonnes of LCE. The economic analysis from the FS yielded robust economics for a 24,000 tonne/year battery grade LCE operation with a CAPEX of 442 Mio $, OPEX of 3,388 $/t LCE, NPV(8%) of 1,030 Mio $ and IRR of 24.2%. Pilot plant and pilot pond trials are ongoing at the project. Millennial is well financed and is moving towards a large project finance in 2020.
Fast development of the feasibility study, followed by production decision and project financing. planned production for 2021.