A preliminary economic assessment of the Colina lithium project, in Minas Gerais, Brazil, has estimated an after tax net present value of a$3.6-billion for the combined Phase 1 and 2 operations, and an internal rate of return of 132%. ASX-listed Latin Resources on Friday revealed that the Phase 1 operation would require a capital investment of $253-million, with first production targeted for 2026, while Phase 2 would require a further $55-million of capital investment, and would increase life-of-mine production to 525 000 t/y of SC5.5 and 159 000 t/y of SC3.
PERTH – A preliminary economic assessment of the Colina lithium project, in Minas Gerais, Brazil, has estimated an after-tax net present value of A$3.6-billion for the combined Phase 1 and 2 operations, and an internal rate of return of 132%.
The Phase 2 ramp-up is expected to be constructed in 2026 and 2027, with Phase 2 production to start in 2028, and achieve nameplate capacity in 2029. Over the 11-year operating life, the Colina project is expected to generate revenues of A$12.6-billion and free cash flows of A$6.8-billion, at an all-in sustaining cost of $536/t.
“Latin Resources is extremely proud to have produced such compelling economic results with our first feasibility study on the Colina project. The low-cost capex and fast-track to production in 2026 will hit the sweet spot of rising lithium prices many are predicting over the coming years,” said Latin Resources MD“The Colina project is on track to become one the world’s largest spodumene mines with very low operational costs.
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