PROJECT FINANCE

Lepidico lithium venture's NPV weaker but still well above capex

LEPIDICO is continuing to seek funding for its Namibia-Abu Dhabi-located lithium venture after an economic update maintained its expected US$266 million capital cost estimate while reducing the net present value by about 17% to $457 million.

Lepidico lithium venture's NPV weaker but still well above capex

The lithium hydroxide price used in the latest update is $30,980/t, which has risen from the $22,840/t and $13,669/t used in previous assessments. The price is based on the latest Benchmark Mineral...

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