Lithium Power International Limited (ASX:LPI) (FRA:24L) (OTCMKTS:LTHHF) is a pure-play lithium company. Its primary focus is on the development of Chile's next high-grade lithium mine on the Maricunga Salar in the area known as the Lithium Triangle. During the 2019 financial year, the Company also continued its initial exploration of lithium tenements held in Western Australia and Argentina, together with maintaining the properties and ensuring all property commitments were met.

The Company has four distinct project regions, two in South America's lithium brine region and two in Western Australia's spodumene hard rock. This is consistent with our stated strategy of being a diversified lithium developer in both geography and geology.

FINANCIAL OVERVIEW - DEFINITIVE FEASIBILITY STUDY

The Company released its Definitive Feasibility Study (DFS) in January 2019. It was prepared on the Mining Reserve estimate of 742,000 tonnes of LCE (203,000 Proved and 539,000 Probable), supporting the 20,000 tonnes per annum (t/a) projected for Maricunga throughout its 20-year mine life (Table 4 above). Resources have been updated to a total of 2,070,000 tonnes of LCE, and all are classified as Measured or Indicated (Table 1 above). Both the Reserve and Resource estimates are prepared in accordance with JORC and NI 43-101 international reporting standards.

The strong economics of the project confirms its attractiveness, with a leveraged NPV on a pre-tax basis (8% discount) of US$1.302 billion, providing an IRR of 29.8 per cent and a payback of 3.5 years. On a pure equity basis, the NPV is US$1.286 billion with an IRR of 23.8 per cent.

To view the Annual Report, please visit:
https://abnnewswire.net/lnk/49E7064K


About Lithium Power International Ltd

Lithium Power International Limited (ASX:LPI) is a pure play lithium company with three distinct project regions to provide diversification. One is located in South America's brine region and three are in Australia's spodumene hard rock areas of Western Australia.

The primary focus is to develop of Chile's next high-grade lithium mine on the Maricunga Salar in an area known as the Lithium Triangle. The Company has also expanded its tenement holdings of lithium exploration prospects in Western Australia.

   

Contact

Cristobal Garcia-Huidobro - CEO
Lithium Power International
E: info@lithiumpowerinternational.com
Ph: +61-2-9276-1245
www.lithiumpowerinternational.com
Twitter: @LithiumPowerLPI



Link: Annual Report to shareholders


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