Spodumene concentrate price up to 6000USD/tn Savannah made companys Scoping study (2018) based on spodumene concentrate price of 685USD/tonne. Since then the price is almost eightfolded to 5400USD/tn or even to 6000USD/tonne. This is really good news for the profitability of the project.
The Scoping Study published in June 2018 highlighted the robust economic features and investment appeal of the Barroso Lithium Project. Based on the then resource of c.14Mt (now 27Mt), a modest initial capex of US$109m, average annual production of 175,000t of 6% spodumene concentrate and associated quartz and feldspar products, a life of mine average
spodumene concentrate price of US$685/t and operating costs, including freight to China, of US$271/t concentrate, the Scoping Study returned a post-tax NPV(8% discount rate) of US$241m and post-tax IRR of 48.6%.
https://www.savannahresources.com/project/barroso-lithium-project-portugal/
Spodumene Concentrate (6%,CIF China), USD/mt
Li2O content 5.5%-6.2%, Excluding tax
Guidance price, delivered to factory,
5400USD/metric tonne https://www.metal.com/Lithium/201906260003
https://www.spglobal.com/commodityinsights/en/market-insights/latest-news/metals/042722-pilbara-minerals-spodumene-auction-concludes-at-5650dmt-fob-port-hedland