Mining Intelligence and News
Brazil

Salinas (Colina) Project

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Overview

Mine TypeOpen Pit
StagePermitting
Commodities
  • Lithium
  • Spodumene
Mining Method
  • Truck & Shovel / Loader
Mine Life... Lock
SnapshotSalinas (Colina) Lithium Project is one of the world’s best undeveloped lithium projects and important nearterm source of high quality spodumene concentrate.

The preliminary economic assessment demonstrates two-stage operation that produces a high-quality 5.5% Li2O spodumene concentrate (SC5.5) and 3% Li2O (SC3) spodumene tailings concentrate product.

The Phase 3 extension and expansion of production will be evaluated in a future Definitive Feasibility Study (DFS).

The Brazilian National Mining Agency approved the Integrated Plan of Economic Development submitted by Latin Resources insofar as it relates to the exploitation of lithium in Mineral. The receipt of this approval is an important milestone in obtaining the permits.
Latest NewsPilbara Minerals ticks the boxes on new acquisition     February 5, 2025

Owners

SourceSource
CompanyInterestOwnership
Pilbara Minerals Ltd. 100 % Indirect
Latin Resources Limited fully owns the Salinas lithium project through its 100% wholly owned subsidiary, Belo Lithium Mineração Ltda.

On August 15, 2024, Pilbara Minerals announced a binding Scheme Implementation Agreement to acquire 100% of Latin Resources' issued shares through a court-approved scheme of arrangement.

The Scheme became legally effective on January 22, 2025, leading to the suspension of Latin Resources' securities from quotation.

On February 4, 2025, Pilbara Minerals announced that the acquisition of Latin Resources had been completed.

Contractors

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Deposit type

  • Pegmatite

Summary:

Salinas Lithium Project geology comprises Neoproterozoic age sedimentary rocks of Araçuaí Orogen intruded by fertile Li-bearing pegmatites originated by fractionation of magmatic fluids from the peraluminous S-type posttectonic granitoids of Araçuaí Orogen. Lithium mineralisation is related to discordant swarms of spodumene-bearing tabular pegmatites hosted by biotitequartz schists.

The principle host rock to the pegmatitic intrusions of the Colina Deposit is a medium-grey coloured biotite– quartz schist, which is interpreted to be a metamorphosed flysch of the Eocambrian Salinas Formation (Quéméneur and Lagache, 1999). The schist typically has millimetre to centimetre-size cordierite porphyroblasts and finely disseminated, stretched, iron-sulphide crystals with a preferred orientation that is sub-parallel to the foliation. Minor intercalations of calcsilicate rocks can occur within the schist.

Where weathered, the schist may display sericite-rich zones and micro-crystalline quartz–calcite intercalations that include dark green, disseminated, sub- to millimetre-sized amphibole and pink garnet crystals.

The Colina Deposit consists of a series of stacked shallow to moderately east dipping pegmatitic intrusions. Individual intrusions range from 1 to 25 metres true thickness and the largest intrusions have been traced laterally for up to 1 kilometre.

Lithium mineralisation is related to discordant swarms of spodumene-bearing tabular pegmatites hosted by biotite-quartz schists. Spodumene can form 28–30% of the pegmatite mass, microcline and albite contents range from 30– 35%, with microcline content dominant over albite, muscovite comprises about 5–7% and the remainder of the rock mass consists of quartz. The pale green-coloured spodumene crystals are elongate or tabular, ranging from millimetre to centimetres in scale, and have been observed at metrescale in outcrop. Spodumene cuts the microcline matrix, and intergrowths of spodumene and quartz, sometimes in association with muscovite, are common. Accessory minerals, such as columbite and tantalite form in association with albite and quartz. Late-stage mineralization includes sphalerite and pyrite.

Dimensions
The footprint of the whole mineralisation zone is about 2,000 metres NE-SW by 1,000 metres NW-SE, with about 400 m overall thickness.

The average surface elevation around Colinas 700 m RL. The maximum local RL of the mineralisation is 800.2m and the minimum local RL is 563.2 m.

Reserves

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Mining Methods

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Comminution

Crushers and Mills

Milling equipment has not been reported.

Processing

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Production

Project also produces 3% Li2O spodumene tails concentrate (SC3) Total LOM (SC3) production 1.35Mt with plant recoveries of 11.1%. Weighted average LOM spodumene concentrate price US$927/t (A$1,324) CIF SC3.
CommodityProductUnitsAvg. AnnualLOM
LCE kt 55706
Spodumene Concentrate kt 4054,450

Operational metrics

Metrics
Annual ore mining rate  ....  Subscribe
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Ore tonnes mined, LOM  ....  Subscribe
Total tonnes mined, LOM  ....  Subscribe
Tonnes processed, LOM  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Total cash costs Spodumene USD  ....  Subscribe
C1 cash costs Spodumene USD  ....  Subscribe
Assumed price Spodumene USD  ....  Subscribe
* According to 2023 study / presentation.

Operating Costs

CurrencyAverage
OP mining costs ($/t mined)  ....  Subscribe
G&A ($/t milled)  ....  Subscribe
* According to 2023 study.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
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Gross revenue (LOM) $M AUD  ......  Subscribe
EBITDA (LOM) $M AUD  ......  Subscribe
Pre-tax Cash Flow (LOM) $M AUD  ......  Subscribe
After-tax Cash Flow (LOM) $M AUD  ......  Subscribe
Pre-tax NPV @ 8% $M AUD  ......  Subscribe
After-tax NPV @ 8% $M AUD  ......  Subscribe
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After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

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Aerial view:

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