Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) heralds a transformative year of progress in 2023 and delineates forthcoming strategies for 2024, focusing on its flagship Sirmac Project.
Sirmac Project Continues Strong Performance
The company announced a Preliminary Economic Assessment (PEA) for the Sirmac deposit, proposing a Direct Shipping Operation (DSO) that predicts high returns, with a pre-tax NPV of C$183.6M and IRR of 839%. Vision Lithium confirms a calculated post-tax NPV of C$104.8M. These impactful results indicate a bright future for the Sirmac Project.
Feasibility and Bulk Sampling Plans Set for 2024
Vision Lithium prepares for an extensive feasibility study in 2024, which encompasses a mine and potential concentrator at the Sirmac project. To bolster environmental stewardship, the company initiated a baseline study in 2023, with full results anticipated to shape the forthcoming feasibility study. Concurrently, Vision Lithium has initiated a bulk sample permit and fosters strong interest from multiple groups for the Sirmac ore.
Expansion of Sirmac Exploration Efforts
The terrain of Sirmac, encompassing 155 claims, is ripe for exploration. A pivotal drilling program targeting the Western sector is slated for 2024, with intentions to further explore lithium-rich pegmatite dikes.
Engagement and Prospects for Godslith Project
Community engagement details the consultations held with the Manto Sipi Cree Nation. Vision Lithium also plans discussions with Manitoba’s new government officials in 2024 to advance the Godslith project. Ongoing discussions with interested parties for joint ventures or acquisitions demonstrate the company’s commitment to this significant asset.
Omnibus Equity Incentive Plan Approved
The ratified Omnibus Plan, approved by shareholders, allows Vision Lithium to offer a flexible range of incentive awards to promote talent retention and motivation.
PEA Assay Results Validated
The assay data utilised in the PEA received verification by GoldMinds Geoservices Inc., ensuring the integrity of the projected outcomes for the Sirmac project.
About Vision Lithium Inc., a junior exploration company, is dedicated to developing high-grade mineral assets, emphasizing lithium and copper within Canada. Their 2023 positive PEA serves as a testament to their commitment to bringing the Sirmac lithium project into production.
The content presented on this page has not been manually verified by our team. While we strive to ensure accuracy, we cannot guarantee the validity, completeness, or timeliness of the information provided. Always consult with appropriate professionals or sources before making any decisions based on this content.
The image is randomly selected and doesn’t necessarily represent the company or the news below.