Century Lithium's Angel Island Project Shows $4B NPV with Optimized Costs
Event summary
- Century Lithium reports an after-tax NPV of $4.01B and IRR of 27.4% for its Angel Island project, based on a $24,000/t lithium carbonate price assumption.
- Operating costs reduced to $4,389/t of lithium carbonate from $8,223/t in the 2024 study, with surplus sodium hydroxide revenue potentially making costs negative.
- Project reconfigures into a two-phase development plan, eliminating a previously planned third phase to simplify execution and reduce capital requirements.
- Phase 1 capital cost estimated at $997M, with Phase 2 expansion capital at $660M, reflecting optimized processing flowsheet and updated vendor pricing.
- Proven and Probable Mineral Reserves support a mine life exceeding 60 years, with a 40-year production schedule averaging 26,500 tpa of battery-grade lithium carbonate.
The big picture
Century Lithium's updated feasibility study positions Angel Island as a competitive domestic source of battery-grade lithium carbonate amid growing demand for secure North American supply chains. The project's optimized costs and long mine life could make it a key player in the lithium market, but its success will depend on navigating regulatory hurdles and maintaining cost efficiencies at scale. The integrated chlor-alkali process offers both economic and environmental advantages, potentially setting a new standard for lithium extraction.
What we're watching
- Permitting Progress
- Whether Century Lithium can accelerate permitting through FAST-41 status and NEPA process initiation.
- Cost Sustainability
- How the company will maintain optimized operating costs as it scales production.
- Market Dynamics
- The impact of lithium price volatility on the project's economic viability.
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