London-listed Bacanora Lithium said on Wednesday that a feasibility study had confirmed the economic potential of its Zinnwald lithium project, assigning the project in south-eastern Germany, near Dresden, a value of €428-million.
The study estimated that Zinnwald would have an internal rate of return (IRR) of 27.4%, a favourable life-of-mine (LoM) operating costs of €13 058/t and a 46% earnings before interest, tax, depreciation and amortisation operating profit margin.