Keliber’s definitive Feasibility Study confirms profitable Lithium Project

Nordic Mining’s associated company Keliber Oy (Nordic Mining 22%) has completed the definitive feasibility study for the lithium project in Finland. The study confirms a profitable business case and outlines the plans for execution of the project. Keliber targets to be the first vertically integrated producer in Europe of battery grade lithium carbonate.


Key DFS outcomes

The main results presented in the DFS are:

  •     Strong project financials:
    • Pre-tax NPV@8% of EUR 295 million
    • Post tax NPV@8% of EUR 225 million
    • Pre-tax IRR 24%
    • Post tax IRR 22%
    • Pay-back period: 5.5 years
  •     Significantly increased mineral resource and ore reserve estimates
  •     Average battery grade lithium carbonate sales volume of 10,745 tonne/year
  •     Average lithium carbonate sales price of USD 12,357 per tonne

Source: Nordic Mining ASA


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