Announcement Date: 2023-02-21
Announcement Type: PEA
Announcement Code: NI43-101
Company name: Vision Lithium Inc.
Project name: Sirmac
Location: Canada
Commodities: Lithium
Highlight: PEA result incl. Post Tax NPV (5%) of CAD $104.8M & IRR of 484%
Resources: only available to subscribers
CP/QP: only available to subscribers
Announcement summary: VAL-D’OR, QC, Feb. 21, 2023 /CNW/ – Vision Lithium Inc. (TSXV: VLI) (OTCQB: ABEPF) (FSE: 1AJ2) (the “Company” or “Vision Lithium”) is very pleased to report it has received the results of a positive Preliminary Economic Assessment (PEA) for the Sirmac #5 Lithium Dike deposit from the Company’s independent consultants GoldMinds Geoservices of Quebec, Canada. The #5 Dike is located 160 km by road North of Chibougamau, Quebec, Canada. The PEA presents a robust quarry/open pit mining operation for direct shipping of mineralized material (“DSO”) with very attractive economics at discounted lithium prices. The Company will host a webinar to discuss the results of the PEA in greater detail on Tuesday, February 21, 2023, at 10:00AM ET / 7:00AM PT. A Q&A will follow the presentation.
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