Century Lithium Corp. (TSXV: LCE | OTCQX: CYDVF | Frankfurt: C1Z) has provided an update on its ongoing feasibility study for its Clayton Valley Lithium Project, Clayton Valley, Nevada, and has commenced a market study on sodium hydroxide as a soluble by-product.
Throughout the year, Century Lithium remained focused on the development of its Clayton Valley Lithium Project. The work included ongoing testing of lithium extraction at the pilot plant and continuing work on the feasibility study for the project, with reviews of capital and operating cost estimates.
This comprehensive study covers all areas of the lithium extraction process from shallow surface mining of lithium-bearing clay to on-site production of battery-grade lithium carbonate. Target production for the study follows that of the project’s earlier pre-feasibility study, which was based on a mill feed of 15,000t per day, and average annual output of 27,000tpa of lithium carbonate equivalent.
To date, the company has worked with its feasibility study team to revise and update estimates based on optimization. Given volatility in the lithium market, the company is examining a phased approach to full scale production to provide prospective parties with a lower risk alternative in financing. The company is now working with its consultants to determine viable phases and underlying schedules.
A market study, to be incorporated Further, pilot plant testing has shown a significant amount of the sodium hydroxide will be surplus to the production process and therefore available as a by-product for potential sale. The western US is largely dependent on in the feasibility study, recognized the potential for revenue from sodium hydroxide sales, tapping into the need for a domestic supply of sodium hydroxide.
To find out more, please visit www.centurylithium.com
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