Century Lithium Releases Updated Feasibility Study for Angel Island Lithium Project with $4.01 Billion NPV
Century Lithium Corp. announces an updated feasibility study for the Angel Island lithium project in Nevada, reporting an after-tax NPV of $4.01 billion based on lithium carbonate prices of $24,000 per ton. The project is expected to have average operating costs of $4,389 per ton of lithium carbonate. The study outlines a two-phase development plan, starting with an initial throughput of 7,500 tons per day, expanding to 15,000 tons per day. Proven and probable mineral reserves are estimated at 287.65 million tons with 1,149 ppm lithium, supporting a mine life of over 60 years.
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The updated feasibility study for Century Lithium's Angel Island project in Esmeralda County, Nevada, indicates an after-tax net present value (NPV) of $4.01 billion using an 8% discount rate. The project will produce lithium carbonate at an average operating cost of $4,389 per ton, significantly reduced from previous estimates.
It features a patented processing flow that integrates hydrochloric acid leaching and direct lithium extraction. The mining plan includes an initial phase of 7,500 tons per day, expanding to 15,000 tons per day in phase two.
Proven and probable mineral reserves are identified at 287.65 million tons, with a lithium content of 1,149 ppm, ensuring over 60 years of operational life. The company plans to advance the project through permitting and technical planning.
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