Millennial Lithium holds a large lithium project in the Salta Province, Argentina. The project is based on solar evaporation, conventional brine operation using proven technology.

The company has a strategic partnership with the Chinese solar giant GCL, with a $30 million investment

Millennial Lithium in short

Net Present Value

$0.81 B

$12000/t LCE pricing. After-tax, 8% Discount rate

Resource Estimate:

4.1 Mt

Measured & Indicated

Stage:

FS

Completed

Project: Pastos Grandes Summary

Net Present Value

$0.81 B

$12000/t LCE pricing. After-tax, 8% Discount rate

Resource Estimate

4.1 Mt

Measured & Indicated

Stage

FS

Last released technical report

Brine profile

Impurity level: Mg/Li
6.2

$12000/t LCE pricing. After-tax, 8% Discount rate

Impurity level: Sulphate/Li
19.3

$12000/t LCE pricing. After-tax, 8% Discount rate

Grade Lithium

~420 mg/l

Location: Salta Province, Argentina
Completed Stage: FS

Website: millenniallithium.com

Company Description

“Millennial has recently completed a Feasibility Study (FS) on its Pastos Grandes Project which yielded Proven Reserves of 179,000 tonnes of Lithium Carbonate Equivalent (LCE) and Probable Reserves of 764,000 tonnes of LCE. The economic analysis from the FS yielded robust economics for a 24,000 tonne/year battery grade LCE operation with a CAPEX of $442M, OPEX of $3,388/t LCE, NPV(8) of $1,030M and IRR of 24.2%. Pilot plant and pilot pond trials are ongoing at the project..”

Key takeaways:

1. Conventional Brine

The Pastos Grandes utilizes proven technology in their conventional brine operation.

2. Strategic Partnership with GCL

Has a strategic partnership with the Chinese solar giant GCL, that invested $30 million in Millennial lithium on a company level. 

3. Experienced Management

The company has a management with experience in large development projects and in the Lithium sector.

Project: Pastos Grandes Resources & Reserves

Resources

Reserves

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Project: Pastos Grandes Key Figures

Initial capital costs

$410M

After-tax IRR

21.4%

$12000/t LCE pricing, 8% Discount rate

Operating Cost

$3388/t

LCE

Ownership

100%

Of the Pastos Grandes project

Pastos Grandes Sensitivity Analysis : Forecasted pricing

Pricing forecast NPV 8% (After-tax) US$ IRR
$12000/t LCE*
$0.813* B
21.4%*
$12150/t LCE
$0.844 B
21.8%
$13050/t LCE
$1.03 B
24.2%

*Interpolated value

Millennial Lithium $ML Current valuation

See how much of the lithium project’s Net Present Value is priced in with todays valuation. The data is delayed 15-minutes.

Compare to other South American projects!

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Millennial Lithium $ML Company Financials

Debt

$ 0.4 M

Nov. 20

Cash & Cash eq

$ 13.8 M

Nov. 20

 

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