Executive summary of the updated Definitive Feasibility Study published – lithium project has solid base

Keliber Oy has today published a summary of the updated Definitive Feasibility Study (“updated DFS”) of the lithium project (“project”).

In February 2019, Keliber published the key financial figures of the updated Definitive Feasibility Study to produce lithium hydroxide (“updated DFS”). The published key figures, such as pre-tax NPV of EUR 510 million (at 8% interest rate), pre-tax IRR of 28% and pre-tax payback period of 3.7 years, clearly indicate the financial feasibility of the lithium project.

The executive summary of the updated DFS published today describes estimates on the company’s mineral resources and ore reserves, estimates on the development of lithium markets and lithium hydroxide prices, estimates on CAPEX and OPEX for the lithium project, as well as an assessment of the technical and economic feasibility of the project.

In addition, the executive summary describes the planned mining methods and concentration process, conversion of spodumene concentrate and the production process of battery grade lithium hydroxide. Furthermore, the executive summary describes the extensive environmental studies and the impact assessments of the project. The executive summary is available here: Executive summary of the updated Definitive Feasibility Study

“The previously released key figures on our updated DFS indicated that our project has a solid financial basis. We have now published an executive summary of the updated DFS describing the project’s key technical and economic assumptions, key future plans, surveys and studies we have conducted, as well as the key results and conclusions,” says Pertti Lamberg, CEO, Keliber Oy.

“We will continue progressing different areas of the project and trust that the good technical and economic results of the updated DFS will have a positive impact especially on the preparation of financing for our construction phase, as well as on our customer negotiations,” Lamberg notes.

Further information:

Pertti Lamberg, CEO, tel. +358 50 5991 189

Keliber Oy

Keliber Oy is a Finnish mining and chemical industry company with an objective of producing battery grade lithium hydroxide for the needs of the international lithium battery market.