| Announcement Date: | 2022-01-11 |
|---|---|
| Announcement Type: | Feasibility Study |
| Announcement Code: | NI43-101 |
| Company name: | Allkem Ltd. |
| Project name: | James Bay |
| Location: | Canada |
| Commodities: | Lithium |
| Highlight: | Feasibility Study results incl. post-tax NPV (8%) of US$823.0M & IRR of 35.2% |
| Resources: | only available to subscribers |
| CP/QP: | only available to subscribers |
| Announcement summary: | Allkem Limited (ASX |TSX: AKE) (“Allkem” or the “Company”) advises the release of the Feasibility Study and Maiden Ore Reserve for its wholly owned James Bay Lithium Project (“James Bay” or the “Project”) located in Québec, Canada. The Project is located in northern Québec, approximately 130 km east of James Bay and the Cree Nation of Eastmain community as illustrated in Figure 1. The Company is proposing to develop a spodumene mine located adjacent to the Billy Diamond Highway (formerly the James Bay Highway) which provides access to key infrastructure in the region. G Mining Services Inc. (“GMS”) was engaged by the Company to produce the Feasibility Study and technical report in accordance with NI 43-101. GMS is a specialised mining consultancy based in Canada with wide experience in developing mineral projects. Québec, Canada Québec is a highly attractive investment destination for lithium production due to its supportive resource development sector, access to skilled labour and its proximity to the emerging European and North American electric vehicle markets. Canada also has free trade agreements with the United States and the European Union. |
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