Lithium South Announces PEA Estimate US$934 Million Lithium Pricing
A lithium price of $US20,000/tonne (t) was assumed for the study, assuming a 2029 production start-up. The price of lithium has been volatile in recent months, declining from a peak of approximately US$85,000/t in November 2022 and stabilizing to US$13,000/t in 2024. The selected price was based on current published market analysis and by benchmarking the price assumptions found in multiple technical reports from similar brine lithium projects. The benchmarking exercise provided a long-term price range of between US$20,000 and US$25,000/t, with an average of US$22,400/t over seven projects.
The assumption of US$20,000/t is deemed to be reasonable by the Qualified Person