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FINWIRES

Vulcan Energy Resources Reports Pre-Tax NPV of Nearly 3 Billion Euros for Germany Project

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Vulcan Energy Resources (ASX:VUL) said its preliminary feasibility study (PFS) for Project Ludwig in Germany has returned a pre-tax net present value (NPV) of 2.6 billion euros at an 8% discount rate and an internal rate of return (IRR) of 25.0%, according to a Thursday Australian bourse filing.

The PFS showed a post-tax NPV of 1.7 billion euros and an IRR of over 20%, based on a 30-year planned operating life, the filing added.

The company said the project has total capital expenditure of 1.26 billion euros and base case production of 21,100 tonnes per year of battery-grade lithium carbonate.

Project Ludwig indicated mineral resources increased 91% from 655,000 tonnes of lithium carbonate equivalent to 1.3 million tonnes at 155 milligrams per liter lithium, while inferred mineral resources increased 5% from 2.1 million tonnes to 2.2 million tonnes of LCE at 155 milligrams per liter lithium, the filing added.

The company's shares rose nearly 2% in recent Thursday trade.

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