| 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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