ExpansionMay 11, 2026, 11:24 PM
Elevra Lithium NAL Expansion Study: NPV(8%) Jumps 102% to $718M
AI Summary
Elevra Lithium announced an Updated Scoping Study for the expansion of its North American Lithium (NAL) mine, significantly improving project economics and accelerating production. The expansion project's post-tax NPV(8%) increased by 102% to C$969M ($718M), contributing to a total NAL project NPV(8%) of C$3,112M ($2,305M) with a 41.8% IRR. The company plans a staged development to increase annual concentrate production to 338 ktpa two years faster than previously anticipated, while maintaining total capital expenditure at $270M.
Key Highlights
- Expansion project post-tax NPV(8%) increased 102% to C$969M ($718M).
- Total NAL project post-tax NPV(8%) is C$3,112M ($2,305M) with 41.8% IRR.
- Expanded production rate increased to 338 ktpa, up from 315 ktpa.
- Additional concentrate production achieved two years faster than planned.
- Total capital expenditure remains unchanged at $270M.
- Life of Mine revised to 21 years, underpinned by existing Ore Reserves.
- Average LOM C1 unit cost C$847/t ($628/t); AISC C$922/t ($683/t).