Canada Lithium has completed the updated feasibility study for the development of a mine and lithium carbonate processing facility at its lithium project in Québec.
The study was carried out on the open-pit mine and processing plant, which will have an initial mine operation life of about 14.9 years.
According to the study, the mine will have an annual production of about 20,000t of battery-grade lithium carbonate per year.
The proven and probable mineral reserve estimates are based on 80% ore recovery, a waste dilution factor of 20% at 0.05% lithium carbonate and a cut-off grade of 0.6%.
The total construction capital cost of the project is $201m, with estimated average operating cost of the mine's primary and secondary processing facilities at $45 per ton.
The firm has scheduled the process plant commissioning to start by the end of 2012 with initial site construction to commence in third quarter of 2011 and full production expected by the end of 2013.