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EEYMF / Firefinch updates Goulamina Lithium Project DFS, delivering NPV of A$4.1 billion and 83% IRR

Firefinch Ltd (ASX:FFX) has updated its Goulamina Lithium Project's definitive feasibility study (DFS) following improvements to engineering design, flowsheet and metallurgic test work for the project, resulting in a recalculated post-tax net present value (NPV) of A$4.1 billion and internal rate of return (IRR) of 83%, more than double the previous DFS. The updated DFS also confirmed that Goulamina – soon to be spun out into a joint venture (JV) with Jiangxi Ganfeng Lithium Co Ltd under the name Leo Lithium – is one of the largest lithium deposits in the world, boasting a potential annualised spodumene concentrate production of 506,000 tonnes which the company intends to increase to a peak of 880,000 tonnes per annum. Read More

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Posted: Dec 5 2021, 18:27

Author Name: Proactive Investors

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EEYMF / Firefinch updates Goulamina Lithium Project DFS, delivering NPV of A$4.1 billion and 83% IRR

Phone

Web

Sa

Mlphw

Pa

Firefinch

Updates

Goulamina

Lithium

Project

Delivering

Billion

Stock

EEYMF

EEYMF News

Firefinch jumps on J Capital report

Firefinch's Simon Hay officially assumes managing director role for Leo Lithium

Firefinch's Simon Hay officially assumes managing director role for Leo Lithium

Firefinch's Simon Hay officially assumes managing director role for Leo Lithium

Firefinch latest high-grade results set to inform mineral resource and life of mine plan at Morila Super Pit

Firefinch latest high-grade results set to inform mineral resource and life of mine plan at Morila Super Pit

Firefinch latest high-grade results set to inform mineral resource and life of mine plan at Morila Super Pit

Firefinch cashed up with A$100 million to execute aggressive growth plans