RE:RE:RE:RE:Lithium - Economics PLU is not a bribe deposit but grades are very competitive
with the best brine plays in Argintina. Resource size to date
is mind blowing . Tier 1 world class..Cost of extraction may be
a bit more expensive but no uncertainties (contamination)
following clip says it all and this was months ago.
Plateau’s Macusani Project is now one of the world’s largest undeveloped uranium-lithium districts. It is a unique, shallow, volcanic-hosted supergene deposit in a mining-friendly jurisdiction and close to excellent infrastructure (that includes the Interoceanic Highway). It has access to labour, water and cheap hydro-electric power. Less than 15% of the 910km2 consolidated land package has been drilled, with a NI43-101 resource from March 2016 of 124Mlb U3O8 and 176,000t Li2O. The January 2016 PEA at US$50/lb U3O8 showed an NPV8 of US$603m, an IRR of 40.6% and a post-tax capital payback of 1.8 years. Proposed production would be 6Mlb pa U3O8over a ten-year mine life. As commented, the current LoM cash production cost is at US$17.28/lb, with an initial capital cost around US$300m.
Although Macusani started life as a pure uranium story, recent results have meant that the importance of lithium has increased significantly. By focusing test work on the Falchani area, Plateau will develop the lithium angle to the project more strongly. The key to what it has found so far is the extremely high recoveries; these will go a long way to making the lithium — like the uranium — extremely low cost to extract. There is plenty of work ongoing, so we can expect a lot more newsflow over the coming weeks and months. Please let us know if you’d like a meeting with Ian.
supergene is a unique deposit hence the ongoing work
being done to prove up extraction and economics .it will
be low cost . Resource size couplewith sporadic but
measureable high grade u308 asa credit should actually
have it as the lowest cost producer with consistantky
high grade materials. Resource being wide open in every
direction including depth suggest this IS THe WORLDS
largest known deposit to date...