The Pastos Grandes lithium project has advanced from exploration through to a completed feasibility study in just over two years and project owner TSX-V-listed Millennial Lithium now has the confidence to move the project into the next development stage, including that of seeking funding for construction.
Announcing the outcomes of a positive feasibility study, prepared by WorleyParson Chile and Montgomery and Associates Chile, Millennial Lithium president and COE Farhad Abasov said on Monday that Pastos Grandes had the potential to be a robust lithium carbonate (more than 99.5% Li2CO3) producer and that it would be among the lower quartile of costs.