Investment Highlights

Tight share structure with management ownership exceeding over 30% of the company.
Highest-grade lithium deposit in North America with unique benefit of low-iron spodumene that remains open in all directions (March 2018 Mineral Resource Estimate).
Unique low-iron spodumene provides a low-capital cost entry into lithium market with firstly producing superior technical grade lithium concentrate used directly by glass/ceramics market with some additional by-product of chemical grade concentrates requiring further upgrading as required by the lithium battery market (defined as Phase I).
Potential future participation in the burgeoning lithium battery market with production of lithium compounds (defined as Phase II), current proof of concept underway.
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Pre-Feasibility Completed. Download full report here.
Life of Mine Revenue is $1,859 million.
Pre-production Capital is $147 million with a contingency of 10% included within the initial capital. Pre-production is for a 2 year period.
Sustaining Capital $37 million for the Life of Mine (“LOM”).
Pre-tax NPV (8% discount rate) of $448 million and internal rate of return of 46.5%.
Post-tax NPV (8% discount rate) of $301 million and internal rate of return of 38.3%.
Pre-tax Cash Flow of $1,013 million over 16 year LOM.
Post-tax Cash Flow of $700 million over 16 year LOM.
Positive Cash-flow is realized in year 2 of production.
5.8 million tonnes of mill feed averaging a combined 2.00% Li₂O.
11.5 year open pit operation, 4.5 year underground operation.
Mill operates at average tonnage of 1,090 tonnes per day.
Total production of 1.14 million tonnes of technical grade concentrate of 7.2% Li₂O.
Total production of 115,500 tonnes of chemical grade concentrate of 6.6% Li₂O.