PERTH (miningweekly.com) – ASX-listed Lithium Energy Worldwide (LPI) on Friday reiterated its confidence within the Maricunga lithium brine venture, in Chile.
Responding to information stories within the Chilean press relating to the exploitation of lithium within the Salar de Maricunga, LPI on Friday confirmed that the standing of its concessions and allowing in line with Chilean legislation was strong.
“This has been bolstered by a number of authorized positions over the last three years from the big and specialist legislation corporations in Chile.
“LPI has absolute confidence within the Chilean authorized system and in its strict compliance by its authorities, together with Ministers, the place solely the Courts have the jurisdiction to interpret legal guidelines. These authorities have accepted and supported LPI within the improvement of the venture from its inception, at all times guaranteeing equal therapy and safety for overseas buyers in Chile,” the corporate mentioned in a press release.
LPI is continuous with its venture financing course of, and several other expressions of curiosity in relation to debt and fairness funding have been obtained, that are being reviewed by LPI administration and its advisers. The method will progress as anticipated in the course of the upcoming months.
A January up to date definitive feasibility examine into the Maricunga venture estimated that it could require a capital funding of $419-million to develop the Stage 1 operation, producing 15 200 t/y of lithium carbonate over a mine lifetime of 20 years.
The examine estimated an aftertax web current worth of $1.4-billion for the venture and an inside charge of return of 39.6%, with a pay-back perid of two years.