EXPLORATION & DEVELOPMENT

Strong financial improvement to Lepidico's lithium venture despite cost rise

LEPIDICO has reported new capital estimates and financial metrics for its integrated Namibia-Abu Dhabi-located lithium venture, with US$266 million now needed to build a chemical plant and concentrator/mine, and the development having a net present value of $530 million and an internal rate of return of 42%.

 Strong financial improvement to Lepidico's lithium venture despite cost rise

The latter two are an increase on the definitive feasibility study numbers from a couple of years back of $221 million and 31% respectively. The lithium hydroxide price used this time round is $22,840/t...

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