Our Candelas Project comprises fourteen exploration permits covering over 24,000 hectares hosted within an approximately 15km by 3-4km wide structurally controlled basin. Candelas is located in the Puna geological province and approximately 170 km west-southwest of the city of Salta. The Candelas Project also delivers compelling projected economics as outlined in its 2021 Preliminary Economic Assessment:
- Low-risk, proven process technology (similar to HMW)
- Expected 14 ktpa Li2CO3 over +25 year life
- Unlevered pre-tax NPV8% of US$1,225M
- IRR of 27.9% with 4 year payback period
- Significant potential cost synergies and value enhancements available from integrated development with HMW Project; not currently incorporated in PEA forecasts
