Name of the Project
San José lithium project.

Location
Extremadura region of Spain.

Project Owner/s
Infinity Lithium Corporation.

Project Description
Envisaged is an operation with a 26-year mine life, which will support a two-million-tonne-a-year lithium chemical conversion facility located in the project area. The proposed mine will ramp up to full production over a two-year period from the start of production and then operate at two-million tonnes a year.

Transversal longhole stoping with paste backfill has been selected as the ideal mining method for resource extraction, facilitating the development of primary and secondary stopes.

Average life-of-mine lithium hydroxide monohydrate production, including ramp-up, is estimated at 30 395 t/y.

Potential Job Creation
Not stated.

Net Present Value/Internal Rate of Return
The updated scoping study estimates a pretax net present value, at an 8% discount rate, of €3.81-billion and an internal rate of return of 25.8%, with an after-tax payback period of
4.2 years.

Capital Expenditure
Preproduction capital after contingencies is estimated at €1.43-billion.

Planned Start/End Date
Not stated.

Latest Developments
Infinity Lithium has reported significant progress. The company has advanced to the next stage of the direct exploitation concession application (ECA) by lodging key project documentation, including exploitation, rehabilitation and restoration, and environmental-impact assessments (EIA).

The submission follows the recent confirmation by the regional government of Extremadura’s directorate general of Industry, Energy and Mines regarding the viability of the San José lithium resource.

The Stage 2 project documentation includes feedback from local and regional stakeholders through the EIA scoping document. The company has said the permitting and licensing assessment will be subjected to departmental review before a public consultation period.

Key Contracts, Suppliers and Consultants
None stated.

Contact Details for Project Information
Infinity Lithium Corporation, tel +61 8 6146 5325 or email admin@infinitylithium.com.