Century Lithium Feasibility Study Reports $4.01B NPV, $4,389/t Costs
Century Lithium's updated Angel Island feasibility study shows an after-tax NPV of $4.01 billion at 8% discount and a 27.4% IRR based on $24,000/t lithium carbonate pricing. Average operating costs fall to $4,389 per tonne of lithium carbonate from $8,223, with over 60-year mine life.
1. Feasibility Study Highlights
The study delivers an after-tax NPV of $4.01 billion at an 8% discount rate and a 27.4% IRR based on lithium carbonate pricing of $24,000 per tonne and sodium hydroxide at $750 per dry metric tonne. It validates an integrated patent-pending flowsheet after four years of pilot operations.
2. Cost and Capital Reductions
Phase 1 capital cost declines to $997 million from $1.537 billion in 2024, while Phase 2 expansion requires $660 million versus $651 million previously. Average operating cost drops to $4,389 per tonne of lithium carbonate, down from $8,223, with co-product sodium hydroxide credits potentially yielding net negative operating costs.
3. Reserve and Production Outlook
Proven and probable reserves of 287.65 million tonnes at 1,149 ppm lithium support over 60 years of production on a 40-year plan. Initial throughput is set at 7,500 tpd expanding to 15,000 tpd by Year 5, targeting average annual output of 26,500 tonnes of battery-grade lithium carbonate.