Article

Pursuit Minerals' PFS study at its Rio Grande Sur project in Argentina indicates a large-scale lithium brine operation with a 25-year lifespan, generating an estimated $3.25 billion in life-of-mine revenue. The project, falling within the lowest quartile of global costs, is projected to produce approximately 125,000 tonnes of lithium carbonate equivalent (LCE) and deliver $2.24 billion in EBITDA.

Total free cash flow is anticipated to exceed $1.17 billion post-tax. The study estimates a net present value (NPV) of $364 million and an internal rate of return (IRR) of 22.4%, with a payback period of seven years.

Capital costs are projected at $136.5 million and operating costs at $6,521 per tonne LCE. Additionally, Pursuit has secured $7 million in funding to support drilling expansions at Rio Grande Sur and at its newly acquired Sascha Marcelina gold and silver project.