1MC morella corporation limited

world??s 2nd largest spodumene producer?

  1. 6,348 Posts.
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    Copy from the RDR announcement,

    Mt Marion PROJECT.

    10.5Mt @ 1.4% Li2O.

    Will it be the world??s 2nd largest spodumene producer ? how and why? I think now AJM has the same potential, even at 9mt at 1.7% already larger than Mt Marion PROJECT.

    Quote from RDR:


    Initial output 200,000 tpa of +6% Li2O (chemical grade) ?C Mt Marion will be the world??s 2nd largest spodumene producer
    »
    First shipment March Q 2012
    »
    By-products include mica and tantalum

    Lithium carbonate PFS completed by Hatch in 2010 indicating:
    »
    NPV of US$404 million (12% discount) and IRR of 68% providing a <2 year pay back
    »
    Capital cost US$63m (China) - $70m (Malaysia)
 
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