TSXV:LBNK - Post Discussion
Post by
MrDales62 on Jan 16, 2024 10:46am
Todays news release,
Boardwalk Updated PEA Improvements Highlights include[1]
- Increased lithium recovery of 98% using the G2L's cDLE® technology
- Increased production to 34,005 tonnes per year of battery grade lithium hydroxide monohydrate ("LHM")[2] over a 20-year period
- A significant reduction of 34% in operational expenditures to USD $4,588 per tonne LHM
- USD $3.7 Billion Net Present Value8 ("NPV8") and 25.0% IRR on a pre-tax basis
- USD $2.3 Billion NPV8 and 20.6% IRR on an after-tax basis
- Reduction in the payback period from 4.1 years to 3.5 years, on a pre-tax basis
- Production of high-grade lithium sulphate (Li2SO4) eluate at a concentration of 3,238 mg/L Li (3.24 g/L Li)
- Lower cost and commercially available reagents used in the cDLE® process
- Majority of acid is recovered in the downstream processing and reused in the elution stage
- Reduction in freshwater usage using the G2L cDLE®
- Achievement of commercial production within 3 years is possible under Provincial permitting directives
- Located in the resource friendly jurisdiction of west-central Alberta, which has a long history of resource extraction, well established infrastructure, and an actively supportive government
- Power expected to be generated on site using high-efficiency gas turbines with steam cogeneration that is expected to lower the project's overall carbon footprint. The proposed gas turbine units may be run on 80% hydrogen when a reliable supply is available
- Project economics again used USD $26,000/t LHM and provides strong leverage to higher lithium prices
- No changes were made to the front end of the engineering which includes everything up to the DLE
Big project.
GLTA
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