{"id":2433,"date":"2023-11-29T02:32:33","date_gmt":"2023-11-29T02:32:33","guid":{"rendered":"https:\/\/economicherald.net\/?p=2433"},"modified":"2023-11-29T02:32:33","modified_gmt":"2023-11-29T02:32:33","slug":"the-numbers-add-up-for-rincon-lithium-brine-development-power-minerals-says","status":"publish","type":"post","link":"https:\/\/economicherald.net\/?p=2433","title":{"rendered":"The numbers add up for Rincon lithium brine development, Power Minerals says"},"content":{"rendered":"

Rincon salar development to cost just US$216.5m
\nInitial mine life of 14 years with a payback period of just three
\nPlanning of a pre-feasibility study (PFS) underway
\nExpected revenue of US$194m per annum<\/p>\n

\u00a0<\/p>\n

Special Report: <\/em><\/strong>A Preliminary Economic Assessment (PEA) of Power Minerals\u2019 Rincon salar at its Salta lithium project shows the potential to produce high-purity, battery-grade lithium carbonate with an impressive internal rate of revenue (IRR) of 42%.<\/strong><\/p>\n

The news comes after the developer recently contracted Hatch<\/strong><\/a> to conduct a PFS of the construction of a 1,000tpa direct lithium extraction (DLE) plant at the Incauhasi salar \u2013 one of five at the Salta project.<\/p>\n

The Salta project salars in Argentina. Pic supplied: (PNN)<\/p>\n

\u00a0<\/strong><\/p>\n

PEA shows robust economics<\/strong><\/h2>\n

In Argentina\u2019s slice of the highly mineralised brines of the lithium triangle in South America, Power Minerals (ASX:PNN)<\/strong><\/a> says its Rincon salar can deliver a robust, low-cost 7,000tpa lithium carbonate equivalent (LCE) operation with US$194.8m annual revenue over an initial 14-year operation.<\/p>\n

Development of Rincon dials in with a pre-tax NPV of US$501.82m with \u201cstrong forecast margins\u201d PNN says, has a payback period of three years, and an impressive pre-tax IRR of 42%.<\/p>\n

These calculations are based on its existing resource of 292,564t LCE \u2013 which PNN has already flagged has having strong potential for expansion.<\/p>\n

The PEA was conducted by global engineering and mining consultant Golder, a division of WSP Global \u2013 which has worked with Power\u2019s DLE tech partner Sunresin and Tier 1 brine miners including China\u2019s Ganfeng and Tibet Summit Resources.<\/p>\n

Estimated capital expenditure sits at US$216.55m, based on its lithium carbonate plant utilising DLE technology.<\/p>\n

Other key metrics include:<\/p>\n

Total LCE production measured at an 87.5% DLE processing efficiency
\nProposed well field to consist of seven production wells
\nRamp up to full production is estimated to be two years, with LCE production scheduled to commence in the third year of operation<\/p>\n

Power Minerals MD Mena Habib says the company is extremely encouraged by the outcomes of the PEA for its flagship Rincon salar at Salta.<\/p>\n

\u201cThe PEA provides initial formal confirmation of the technical and financial viability of the potential to develop Rincon into a new, long-life source of high-purity lithium carbonate,\u201d Habib says.<\/p>\n

\u201cThe outcome of the PEA is outstanding validation of our demonstrated commitment to the rapid development of the Salta project.<\/p>\n

\u201cHaving commenced a major resource expansion drilling campaign at Salta late last year, Power has delivered a substantial JORC resource upgrade, and is now engaged in development-phase programs at its priority Rincon and Incahuasi salars.\u201d<\/p>\n

\u00a0<\/p>\n\n

\ufeff<\/span>\u00a0<\/p>\n

This article was developed in collaboration with Power Minerals, a Stockhead advertiser at the time of publishing.<\/em><\/p>\n

\u00a0<\/p>\n

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.<\/em><\/p>\n

<\/span><\/p>\n

The post The numbers add up for Rincon lithium brine development, Power Minerals says<\/a> appeared first on Stockhead<\/a>.<\/p>","protected":false},"excerpt":{"rendered":"

Rincon salar development to cost just US$216.5m Initial mine life of 14 years with a payback period of just three Planning of a pre-feasibility study [more…]<\/a><\/p>\n","protected":false},"author":0,"featured_media":2434,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-2433","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance"],"yoast_head":"\nThe numbers add up for Rincon lithium brine development, Power Minerals says - Economic Herald<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/economicherald.net\/?p=2433\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The numbers add up for Rincon lithium brine development, Power Minerals says - Economic Herald\" \/>\n<meta property=\"og:description\" content=\"Rincon salar development to cost just US$216.5m Initial mine life of 14 years with a payback period of just three Planning of a pre-feasibility study [more...]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/economicherald.net\/?p=2433\" \/>\n<meta property=\"og:site_name\" content=\"Economic Herald\" \/>\n<meta property=\"article:published_time\" content=\"2023-11-29T02:32:33+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/PNN-image-2-1-JrmMvB.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"675\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433\"},\"author\":{\"name\":\"\",\"@id\":\"\"},\"headline\":\"The numbers add up for Rincon lithium brine development, Power Minerals says\",\"datePublished\":\"2023-11-29T02:32:33+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433\"},\"wordCount\":488,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/PNN-image-2-1-JrmMvB.jpeg\",\"articleSection\":[\"Finance\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2433#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433\",\"url\":\"https:\\\/\\\/economicherald.net\\\/?p=2433\",\"name\":\"The numbers add up for Rincon lithium brine development, Power Minerals says - Economic Herald\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/PNN-image-2-1-JrmMvB.jpeg\",\"datePublished\":\"2023-11-29T02:32:33+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/economicherald.net\\\/?p=2433\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433#primaryimage\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/PNN-image-2-1-JrmMvB.jpeg\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/11\\\/PNN-image-2-1-JrmMvB.jpeg\",\"width\":1200,\"height\":675},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/?p=2433#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/economicherald.net\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"The numbers add up for Rincon lithium brine development, Power Minerals says\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#website\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"name\":\"Economic Herald\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/economicherald.net\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#organization\",\"name\":\"Economic Herald\",\"url\":\"https:\\\/\\\/economicherald.net\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"contentUrl\":\"https:\\\/\\\/economicherald.net\\\/wp-content\\\/uploads\\\/2023\\\/10\\\/cropped-cropped-economicheraldlogo-1.png\",\"width\":850,\"height\":760,\"caption\":\"Economic Herald\"},\"image\":{\"@id\":\"https:\\\/\\\/economicherald.net\\\/#\\\/schema\\\/logo\\\/image\\\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The numbers add up for Rincon lithium brine development, Power Minerals says - Economic Herald","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/economicherald.net\/?p=2433","og_locale":"en_US","og_type":"article","og_title":"The numbers add up for Rincon lithium brine development, Power Minerals says - Economic Herald","og_description":"Rincon salar development to cost just US$216.5m Initial mine life of 14 years with a payback period of just three Planning of a pre-feasibility study [more...]","og_url":"https:\/\/economicherald.net\/?p=2433","og_site_name":"Economic Herald","article_published_time":"2023-11-29T02:32:33+00:00","og_image":[{"width":1200,"height":675,"url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/PNN-image-2-1-JrmMvB.jpeg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/economicherald.net\/?p=2433#article","isPartOf":{"@id":"https:\/\/economicherald.net\/?p=2433"},"author":{"name":"","@id":""},"headline":"The numbers add up for Rincon lithium brine development, Power Minerals says","datePublished":"2023-11-29T02:32:33+00:00","mainEntityOfPage":{"@id":"https:\/\/economicherald.net\/?p=2433"},"wordCount":488,"commentCount":0,"publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"image":{"@id":"https:\/\/economicherald.net\/?p=2433#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/PNN-image-2-1-JrmMvB.jpeg","articleSection":["Finance"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/economicherald.net\/?p=2433#respond"]}]},{"@type":"WebPage","@id":"https:\/\/economicherald.net\/?p=2433","url":"https:\/\/economicherald.net\/?p=2433","name":"The numbers add up for Rincon lithium brine development, Power Minerals says - Economic Herald","isPartOf":{"@id":"https:\/\/economicherald.net\/#website"},"primaryImageOfPage":{"@id":"https:\/\/economicherald.net\/?p=2433#primaryimage"},"image":{"@id":"https:\/\/economicherald.net\/?p=2433#primaryimage"},"thumbnailUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/PNN-image-2-1-JrmMvB.jpeg","datePublished":"2023-11-29T02:32:33+00:00","breadcrumb":{"@id":"https:\/\/economicherald.net\/?p=2433#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/economicherald.net\/?p=2433"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/?p=2433#primaryimage","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/PNN-image-2-1-JrmMvB.jpeg","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/11\/PNN-image-2-1-JrmMvB.jpeg","width":1200,"height":675},{"@type":"BreadcrumbList","@id":"https:\/\/economicherald.net\/?p=2433#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/economicherald.net\/"},{"@type":"ListItem","position":2,"name":"The numbers add up for Rincon lithium brine development, Power Minerals says"}]},{"@type":"WebSite","@id":"https:\/\/economicherald.net\/#website","url":"https:\/\/economicherald.net\/","name":"Economic Herald","description":"","publisher":{"@id":"https:\/\/economicherald.net\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/economicherald.net\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/economicherald.net\/#organization","name":"Economic Herald","url":"https:\/\/economicherald.net\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/","url":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","contentUrl":"https:\/\/economicherald.net\/wp-content\/uploads\/2023\/10\/cropped-cropped-economicheraldlogo-1.png","width":850,"height":760,"caption":"Economic Herald"},"image":{"@id":"https:\/\/economicherald.net\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2433","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2433"}],"version-history":[{"count":0,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/posts\/2433\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=\/wp\/v2\/media\/2434"}],"wp:attachment":[{"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2433"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2433"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/economicherald.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2433"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}