CAUCHARI OLAROZ LITHIUM PROJECT
Caucharí-Olaroz is expected to start production in mid-2022 as the next low-cost brine project in Argentina
$641M Capex
Capital cost of $641M with 85% committed
$3,579/t
Cash costs per tonne for battery-grade lithium carbonate
Over 70%
Over 70% of capital cost spent on the 40,000 tpa lithium project in Argentina
40,000 tpa
Production of 40,000 tpa for 40 years
PROJECT SUMMARY
| SUMMARY (40,000 TPA DFS, 100% BASIS, $ VALUES ARE IN USD) | SUMMARY (40,000 TPA DFS, 100% BASIS, $ VALUES ARE IN USD) |
|---|---|
| Location | Jujuy, Argentina |
| Ownership | 44.8% LAC 46.7% Ganfeng Lithium 8.5% JEMSE |
| Project type | Conventional brine |
| Annual production capacity | 40,000 tpa Li2CO3 |
| Project life | 40 years |
| Project capital costs* | $641 million |
| Operating costs | $3,579/t Li2CO3 |
| EBITDA (average) | $308M |
All economic results at $12,000/t of battery-grade lithium carbonate (Li2CO3)
See the technical report titled, “Updated Feasibility Study and Mineral Reserve Estimation to Support 40,000 tpa Lithium Carbonate Production at the Cauchari-Olaroz Salars, Jujuy Province, Argentina” (the Technical Report) dated effective September 30, 2020 and filed on SEDAR on October 19, 2020
* See the Company’s news release of May 6, 2021 for full details.
Franco Mignacco
Director, President of Minera Exar
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Cauchari-Olaroz is located in Jujuy Province in north-west Argentina. The Project is situated in the Salar de Olaroz and Salar de Cauchari, adjacent to Orocobre Ltd.’s Olaroz facility, which has been in production since 2015. Cauchari-Olaroz is well serviced by nearby infrastructure including major paved highways, a national and international rail link which connects to the port of Antofagasta in Chile, a high-voltage power grid, and a gas pipeline.