Atlas Lithium publishes corporate presentation on Neves lithium project in Brazil’s Minas Gerais
ATLX•Strategic partners and funding cited
Strategic partners cited include Mitsui, Chengxin, and Yahua. The presentation lists equity investments totaling USD 40 million and expected offtake prepayments of USD 40 million.
Feasibility study highlights economics and output
The definitive feasibility study highlights an after-tax NPV of USD 539 million, an after-tax IRR of 145%, and an 11-month payback period.
The project’s operating cost is projected at USD 489 per ton of lithium concentrate, supported by near-surface mineralization and a 6.5-year initial mine life. Average annual output is forecast at 146,000 tons of concentrate, with direct capex estimated at USD 57.6 million.
Corporate presentation outlines Neves project plans
Atlas Lithium outlined plans to advance its 100%-owned Neves lithium project in Minas Gerais, targeting open-pit production of 5.5% Li₂O spodumene concentrate.
