Proactive investorsLogo Proactive Investors UK Website

Search field
Get Adobe Flash Player Download
Flash
Player ►

And
Enable
Javascript

1 year chart

digital-look imported chart image

1 day chart

digital-look imported chart image
Additional information
Additional Information
Market: TSX Venture, Pink Sheets
Sector: General Mining
Epic: TSX-V:WLC
News: Latest news
Web Site: Western Lithium Corporation
Other Articles: 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive UK ▼

Thursday July 29, 09:30Specialist Energy Group Lays Out a Compelling Blueprint for Growth

After a difficult start to life as a stock market listed company, the company now stands at the threshold of a much brighter future. Legacy issues have been dealt with and the turnaround programme initiated by CEO Ewan Lloyd-Baker is gaining traction.

FULL ARTICLE ► 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive AU ▼

Wednesday July 28, 11:30Silver Lake Resources boosts high grade gold resource by 70% to 2.5m ounces

Silver Lake Resources has added over 1 million ounces of gold to its resource inventory during the year after mining 66,700 ounces and expects further encouraging results at its  Mount Monger and Murchison projects.

FULL ARTICLE ► 
Warning (2): curl_setopt() [function.curl-setopt]: CURLOPT_FOLLOWLOCATION cannot be activated when in safe_mode or an open_basedir is set [APP/models/web_model.php, line 120]

RSS - Subscribe to the News Today on Proactive CN ▼

Thursday July 15, 02:10Henan Yuguang Lead & Gold investment in Kimberley Metals receives all clear from FIRB

Kimberley Metals (ASX: KBL) has reported that on 12 July the Australian Government Foreign Investment Review Board (FIRB) had no objections to Henan Yuguang Lead & Gold Co. Ltd's [...]

FULL ARTICLE ►
Western Lithium Corporation

Western Lithium Corporation

Western Lithium (TSX-V: WLC)(PINK SHEETS: WLCDF) is developing the Kings Valley, Nevada lithium deposit.

Tuesday, January 12, 2010

Western Lithium scoping study for Kings Valley Lithium Project confirms potential

by Ian Mclelland company news image

Western Lithium Corporation (TSX-V: WLC) released the results of a National Instrument 43-101 (NI 43-101) compliant Preliminary Assessment and Economic Evaluation (PAEE) on its Kings Valley Lithium Project in Nevada, USA this morning.


Highlights of the PAEE included a pre-tax internal rate of return (IRR) of 28%, based on an 18 year mine life with total capital costs of US$427 million and estimated Stage I average annual revenues of US$263 million. The Stage I development would see production of 27,700 tonnes per year of lithium carbonate equivalent (LCE) and 115,000 tonnes per year of potassium sulphate (SOP).  Stage I pre-tax net present values was calculated to be US$714 million using an 8% discount.  Cash operating costs were estimated to be 89 cents per pound of lithium carbonate after applying a potassium sulphate by-product credit.


“The proposed project is expected to compete as a low-cost LCE producer with an estimated cash operating cost of US$1,967 per tonne (US$0.89/pound) LCE net of SOP by-product credit, under base case economics (cash operating costs estimated to be US$4,463 per tonne LCE with cash credit of (US$2,496) per tonne LCE derived from the sale of by-product potassium sulphate),” Western Potash reported.  “The company notes, however, that no reliance should be placed on its current ability to sell the potassium sulphate by-product, as a result of imprecision in the United States Bureau of Land Management's (BLM) regulatory process for allowing the company's sale of the by-product. The company is proposing to pursue a negotiated contractual or regulatory resolution of this issue with the BLM.”


The PAEE drew upon a NI 43-101 compliant lithium resource and assumed (base case) a price of US$6,614 per tonne of LCE and US$600 per tonne of SOP.


"As we enter this decade, we see considerable momentum behind electric transportation using lithium-ion batteries," said Jay Chmelauskas, Western Lithium's President. "Our company is positioning itself to become a USA-based, major global supplier of high-quality lithium to meet the projected growth in demand from the electric and hybrid vehicle sector."


Western Lithium's Kings Valley property has one of the largest known lithium deposits in the world.


Not surprisingly, the company said it now intended to move ahead with further engineering and pilot plant studies to move the project towards prefeasibility. “These studies are expected to be funded from the existing treasury… Western Lithium has approximately US$20 million in cash and no debt.”

AddThis Feed Button
Register here to be notified of future Western Lithium Corporation articles.

Investors interested in Western Lithium Corporation recently viewed


No investment advice

The Company is a publisher and is not registered with or authorised by the Financial Services Authority (FSA). You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.