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International Lithium Corp. ILHMF


Primary Symbol: V.ILC

Metals & Mining Industrial Metals & Minerals
International Lithium Corp. is a Canadian lithium exploration company. The Company's key metals are lithium (Li), copper (Cu) and rubidium (Rb). The Company's strategic countries of operation are Canada (Ontario) and Zimbabwe, with a Joint Venture in Ireland. In Canada, the Company's projects include Raleigh Lake, Firesteel, Wolf Ridge and Other. The Raleigh Lake Lithium and Rubidium project consists of over 48,500 hectares (ha) of mineral claims. The Firesteel Copper project consists of 17 mining claims, making up 316 mining claim units covering an area of approximately 6,600 ha. The Wolf Ridge property is comprised of around 275 claim units (around 5,700 ha). Its other projects include Mavis Lake and Forgan Lake. It has applied for various Exclusive Prospecting Orders in Zimbabwe. It has entered into an option agreement to acquire a 100% interest in certain mineral claims located in Manicaland Zimbabwe. It also has a 25% interest in two Projects (440 ha) in Manicaland, Zimbabwe.


TSXV:ILC - Post by User

International Lithium Corp.
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Post by Betteryear2on Dec 04, 2023 4:54pm
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Post# 35767855

International Lithium: PEA

International Lithium: PEAVancouver, British Columbia--(Newsfile Corp. - December 4, 2023) - International Lithium Corp. (TSXV: ILC) (OTCQB: ILHMF) (FSE: IAH) (the "Company" or "ILC") is pleased to announce a positive Preliminary Economic Assessment ("PEA") for a proposed lithium mining operation to produce spodumene concentrate at Raleigh Lake, 25 kilometres west of Ignace, Ontario. The PEA relies on recent metallurgical test work (Phase 1) which indicates that a spodumene concentrate containing 6% Li2O ("SC6") can be produced using a simple crushing circuit and heavy liquid separation techniques. In the Phase 1 tests lithium recoveries were above 81% while iron oxide content remained within acceptable limits. As originally foreshadowed, the very near proximity of Raleigh Lake to existing service infrastructure along the Trans-Canada Highway corridor affords significant logistical and economic advantages to the project.

International Lithium: PEA for the Raleigh Lake Lithium Project Outlines Highly Favourable After-Tax NPV (Discounted at 8%) of CAD$342.9 million and After-Tax IRR of 44.3% P.A. (newsfilecorp.com)
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