Cleantech Lithium has announced that its scoping study of the Francisco Basin project in Chile has confirmed its expected potential. The company plans to begin production in 2027.
Promising Lithium Production Estimates
According to the scoping study, Cleantech Lithium expects to achieve an annual production of 20,000 metric tons of battery-grade lithium carbonate over a 12-year period. This estimation bodes well for the company’s future success.
Strong Economic Outlook
During the production period, the company anticipates a net cashflow after tax and royalties of approximately $2.5 billion. Operating costs are projected to be $3,641 per ton of lithium carbonate, with a capital expenditure of $450 million.
These figures indicate a financially sound project, boosting confidence in the robust economics of the Francisco Basin project, according to Chief Executive Aldo Boitano.
Upcoming Resource Drill Program
Following the completion of the scoping study, Cleantech Lithium plans to initiate a resource drill program in the final quarter of the year. This program aims to upgrade the resource estimate, potentially extending the lifespan of the project.
Should the program prove successful, it would further solidify the project’s potential and make it an even more attractive investment opportunity.