Grounded Lithium Releases Kindersley Lithium Project Pre-Feasibility Study Results Mineral Reserves Booked on the KLP Supported By Rigorous Technical De-risking
Grounded Lithium released pre-feasibility study results for its Kindersley Lithium Project, declaring the first NI 43-101 compliant lithium Mineral Reserves in Saskatchewan — 82,499 tonnes LCE. PFS base-case economics show a C$125M NPV at an 10.8% IRR on C$603.1M of capex, with annual production of ~3,200 tonnes LCE — a sharp reduction from the ~10,000 tonnes per year estimated in the 2023 PEA, though additional drilling could upgrade inferred resources and improve economics.
Key figures
- Npv
- C$125.0MM (US$90.0MM)
- Capex
- C$603.1MM (US$434MM)
- Irr pct
- 10.8%
- Annual opex
- C$27.2MM (US$19.6MM)
- Process recovery
- 87%
- Denison earn in usd
- $15,150,000
- Pea production lce tonnes
- 10000
- Total resource lce tonnes
- 1000000
- Mineral reserves lce tonnes
- 82499
- Annual production lce tonnes
- 3200
- Brine lithium concentration mg l
- 73.8 mg/L
- Unit operating cost per tonne lce
- C$8,581 (US$6,179)
AI analysis
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