CleanTech Lithium chief executive Aldo Boitano said recent scoping studies on its Laguna Verde and Fransisco Basin projects had highlighted the “robust and attractive” economics for two 20,000tpa lithium carbonate production projects, utilising DLE operations and renewable energy for power.
JORC resource estimates have increased at both Chile-located projects, he added, especially in the more robust Measured & Indicated categories.
Combined the projects now have an NPV of approximately US$ 3 billion and an IRR of more than 43% each, he noted.
"In addition, our DLE pilot plant is under construction in Copiapó, and special lithium operating contracts (CEOLs) have been successfully submitted for both projects, two key milestones.
“A PFS is underway at our Laguna Verde project," he said, adding: “We also continue to work towards the planned ASX listing in Australia in the coming months, a process taking up quite a bit of management time."
Losses for the six months to end June 2023 were £3.2m (£1.18m) with cash and equivalents of £4.6m at the end of the half year.