TSX-listed lithium developer and emerging lithium concentrate producer, Desert Lion Energy, has announced the completion of the capital cost estimate for the Phase 1 flotation plant by Tulela Processing Solutions.
The total estimated cost for the company’s phase 1 flotation plant, capable of processing between 350 000 t – 400 000 t of feed per year, is estimated to be approximately C$7.0 MM (N$70.0 MM).
“The Phase 1 flotation plant is a critical component of our execution strategy, allowing us to continue to generate cash and systematically de-risk project," states Desert Lion Energy president and CEO, Tim Johnston.
"The low capital cost intensity of the Phase 1 flotation plant further demonstrates the jurisdictional and asset specific benefits of the Desert Lion Energy Lithium project."
The Phase 1 flotation plant will be used to process the fines from the historic run of mines stockpiles at the Rubicon and Helikon mines as part of a three-phase execution plan:
- Phase 1, the processing of the historic run of mine stockpiles at the Rubicon and Helikon mines;
- Phase 2, large scale mining and concentrate production from in situ material to produce a total of 250 000 t – 300 000 t per year of concentrate; and
- Phase 3, 25 000 t per year of lithium carbonate production in Walvis Bay, Namibia.