PROJECTS
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Manono Tailings
MANONO, DRC
⁓ The tailings are a legacy of historical tin mining in the area.
⁓ The project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum.
⁓ 13’000m of air-core drilling has been completed to date on approximately half on the total volume of the tailings.
⁓ A Mineral Resource Estimate prepared by MSA Group from South Africa has been released on January 26th, 2023 with the following highlights:
⁓ A Preliminary Economic Assessment prepared by Sedgman Novopro has been released on October 6th 2023. With the following highlights:
Excellent project economics and financial returns
- Robust pre-tax NPV10% of approximately $764 million and 87.4% IRR on a nominal basis, and a pre-tax NPV10% of approximately $638 million and 82.3% IRR on a real basis.
- Rapid payback of 1 year after first production using a Life of Mine spodumene concentrate price of US$2,800/t SC5.5 (FOB, Africa) as forecast by Fastmarkets, an internationally recognized price reporting agency.
- Project Capital Cost Estimate (CAPEX) of US$147,7M including contingencies,
- Life-of-Mine (LOM) of 6 years with an estimated annual production of 112,000 t of spodumene concentrate
Low risk plant operation and tailings reclamation
- Ready to use tailings dump resources to feed beneficiation plant with minimum cost of mining, crushing, grinding, and processing.
- Process plant nameplate capacity is 1.26Mtpa of run-of-mine (ROM) ore based on robust flowsheet using learnings from other lithium producers.
- A number of opportunities have been identified to improve capital and operating costs and plant capacity. The exploration program is being finalized with a focus on increasing indicated resources and extending life of project.
Click To Enlarge Photo
Manono Tailings
MANONO, DRC
⁓ The tailings are a legacy of historical tin mining in the area.
⁓ The project covers 105 million mt over 11 dumps, containing Lithium, Tin and Tantalum.
⁓ 13’000m of air-core drilling has been completed to date on approximately half on the total volume of the tailings.
⁓ A Mineral Resource Estimate prepared by MSA Group from South Africa has been released on January 26th, 2023 with the following highlights:
⁓ A Preliminary Economic Assessment prepared by Sedgman Novopro has been released on October 6th 2023. With the following highlights:
Excellent project economics and financial returns
- Robust pre-tax NPV10% of approximately $764 million and 87.4% IRR on a nominal basis, and a pre-tax NPV10% of approximately $638 million and 82.3% IRR on a real basis.
- Rapid payback of 1 year after first production using a Life of Mine spodumene concentrate price of US$2,800/t SC5.5 (FOB, Africa) as forecast by Fastmarkets, an internationally recognized price reporting agency.
- Project Capital Cost Estimate (CAPEX) of US$147,7M including contingencies,
- Life-of-Mine (LOM) of 6 years with an estimated annual production of 112,000 t of spodumene concentrate
Low risk plant operation and tailings reclamation
- Ready to use tailings dump resources to feed beneficiation plant with minimum cost of mining, crushing, grinding, and processing.
- Process plant nameplate capacity is 1.26Mtpa of run-of-mine (ROM) ore based on robust flowsheet using learnings from other lithium producers.
- A number of opportunities have been identified to improve capital and operating costs and plant capacity. The exploration program is being finalized with a focus on increasing indicated resources and extending life of project.