- 42 years mine life @ an average of 86,300 tonnes LCE annually - Phase 1: $2.97 billion, Phase 2: $2.35 billion. Together with a sustaining capital of $1.51 billion, the entire project would cost $6.86 billion. - $79,490 CAPEX per tonne - OPEX $5,097/t LCE - IRR of 22.8% - Using an LCE price of $24,000/tonne - 4.7-year payback.
This is America's highest grade clay lithium project (Surge's market cap is 53 million AUD). Prairie looks much better in comparison:
- 48,000 CAPEX per tonne (should lower with upscaling) - OPEX $2819 - Using LCE price of $21,000/tonne - IRR 23.9% - 2.2 year payback
AZL Price at posting:
0.6¢ Sentiment: None Disclosure: Held
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