An updated definitive feasibility study (DFS) of the Arcadia lithium project, in Zimbabwe, has increased the estimated life-of-mine (LOM) revenues for the project, along with the mine life, while decreasing the expected capital costs.
A 2018 DFS into the Arcadia project estimated that the 2.4-million tonne a year lithium project would require a capital investment of $165-million, and would deliver LOM revenues of $2.93-billion over a period of 12 years.