Lithium Ionic will now collaborate with EXIM, the official export credit agency of the US, to complete the due diligence process and finalize a definitive financial agreement.
According to the feasibility study, the Bandeira project has an after-tax net present value of $1.3 billion, an internal rate of return of 40% and a payback period of at 3.4 years. The report assumes a spodumene price of $2,277 per tonne.
The underground mine is expected to produce approximately 17.2 million tonnes of lithium carbonate equivalent, grading 5.5% lithium oxide, over a 14-year lifespan. Lithium Ionic anticipates construction and production to commence at Bandeira within the next two years.
Bandeira is located just northeast of Araçuaí, in a region well-connected by logistics and infrastructure. The project’s claims cover 1.6 sq. km, which represents only about 1% of Lithium Ionic’s 141.8-sq.-km land package in the…
