European Lithium announces 'robust' DFS results for its Wolfsberg project in Austria with NPV of $1.5B

- On Wednesday, lithium developer European Lithium announced the results of its definitive feasibility study for the company's wholly owned Wolfsberg lithium project, located in Austria.

Highlights of the project's DFS include a post-tax NPV of US$ 1.5 billion and an IRR of 33.3%, as well as a battery grade lithium hydroxide monohydrate production of ~ 8,800 tpa for 14.6 years. Estimated CAPEX is US$ 866 million. The project will comprise two integrated operations, a mining and processing operation to produce a lithium concentrate , and a hydrometallurgical plant to convert the spodumene into battery grade LHM.

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