Century Lithium's Angel Island Project Shows $4B NPV in Feasibility Study

Event summary

  • Century Lithium filed a feasibility study for its Angel Island Lithium Project in Nevada, showing a $4.01B after-tax NPV and 27.4% IRR at an $24,000/t lithium carbonate price.
  • The project has Proven and Probable Reserves supporting a mine life exceeding 60 years, with Phase 1 capital costs estimated at $997M.
  • The study incorporates a patent-pending processing flowsheet validated through four years of pilot plant operations.
  • Average operating costs are estimated at $4,389/t of lithium carbonate, with surplus sodium hydroxide revenues potentially lowering net costs below zero.

The big picture

Century Lithium's feasibility study positions Angel Island as a long-term, low-cost lithium producer in the U.S., critical for the EV battery supply chain. The project's integrated processing and co-product revenues highlight strategic advantages in a market increasingly focused on domestic lithium production. Success will depend on execution, permitting, and maintaining favorable lithium prices.

What we're watching

Permitting Progress
Whether Century Lithium can secure necessary permits to advance the Angel Island project on schedule.
Cost Management
How the company will manage capital and operating costs during Phase 1 and Phase 2 expansion.
Market Dynamics
The impact of lithium price fluctuations on the project's economic viability and investor appeal.

Related topics

Mining