Candelas (100% ownership)

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