other material
confidence high
sentiment positive
materiality 0.70
ABTC updates Tonopah Flats Lithium Project Initial Assessment; NPV-10 rises to $4.67B
AMERICAN BATTERY TECHNOLOGY Co
- Updated Initial Assessment uses only Measured and Indicated resources, excluding Inferred resources.
- Total claystone processed over life of mine reduced 7% to 597M tons; average grade up 8% to 4,111 ppm LHM.
- Average production costs down 7% to $4,302/ton LHM; NPV-10 up 6% to $4.67B.
- Measured+Indicated resource: 3.16B tons at 596 ppm Li, 11,400 kTons LHM.
- Company received DOE grants: $4.5M for pilot plant and $115M for commercial refinery.