Overview
Stage | Construction |
Mine Type | In-Situ |
Commodities |
|
Mining Method |
|
Mine Life | 25 years (as of Jan 1, 2018) |
At a proposed production of 20,000t LCE per year, there is potential for a “mine life” of up to 190 years. |
Source:
Company | Interest | Ownership |
Jiangxi Ganfeng Lithium Co., Ltd.
|
100 %
|
Indirect
|
Litio Minera Argentina S.A.
(operator)
|
100 %
|
Direct
|
Mariana Lithium Corp.
(operator)
|
100 %
|
Indirect
|
October 20, 2021 - The board of International Lithium Corp. (the "Company" or "ILC") is pleased to announce the completion of its transaction to sell its remaining interest in the Mariana project.
The Company announced on September 21, 2021 that it had contracted to sell its remaining 8.58% stake in Litio Minera Argentina S.A. and the Company's remaining rights and obligations related to the Mariana project to ILC's partner Ganfeng Lithium. The deal included confirmation that Litio Minera Argentina (LMA) would assume all rights or obligations that the Company had in respect of the Mariana property. Completion has now taken place, and the Company has received from Ganfeng Lithium a net cash consideration of USD 10m being USD 13.17m less principal and interest on an exploration loan of USD 3.17m.
The mineral development and mining permits, known as “minas”, are held in the name of LMA. LMA is the project operator on behalf of Mariana Lithium Corp., a subsidiary of Ganfeng Lithium.
Contractors
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Summary:
Deposit Types
Evaporites and brines form a group of industrial mineral deposits where the commercially valuable commodities are either in solution (brines) or are potentially soluble (evaporites) with the addition of water. This style of deposit typically shows broad lateral continuity, but narrow vertical extents.
Brines are found throughout the Andes region in closed basins (salars) where inflowing waters containing low concentrations of metal are concentrated over time due to evaporation, until they become saturated and begin to precipitate out to form evaporites. Various thermodynamic constraints determine the order in which minerals precipitate.
The Mariana Project is a typical salar brine, containing lithium, potassium and boron within permeable aquifers.
Mineralization
The mineral commodities sought at the Mariana Project are metal ions dissolved within brines. Lithium salts are much more soluble than potassium and sodium, which tend to precipitate forming halite units.
The brines are subject to hydrogeological flow regimes allowing replenishment of brines that are extracted from the system.
The observation of brine within all drillholes across Salar de Llullaillaco basin suggests the existence of a connected unconfined brine-bearing system. The spatial distribution of lithology, lithological description and grain size distribution plus other associated elements, such as secondary porosity, were the most rele ........

Summary:
Mining Method
Early phase hydrogeological tests in 2015, and current on-going long-term pump tests, indicate the brine extraction from the Salar de Llullaillaco will involve installing and operating a conventional brine production well field. The conceptual model for mineral recovery from brine reservoirs is a combination of brine extraction well field with brine pumped to a series of solar evaporation ponds and preliminary in-field brine treatment.
The production process starts when brine is pumped from the aquifer beneath the Salar, using electrical pumps, placed in bores (wells) that are completed in the Salar. The extracted brine is pumped from each well to a main distribution pipeline and then to the evaporation ponds.
Brine Well Field
Early phase hydrogeological tests in 2015, carried out at low, approximately 3 L/s pumping rates, concluded that pumping at rates greater than 97 L/s was not advisable, as drawdown at higher rates was estimated to be excessive and could potentially draw below the well filter. This was based on the upper aquifer limits and is therefore considered conservative. On-going pump test work, at higher pumping rates in the order of 60 L/s, indicate a similar to, or steeper, predicted flow rate to drawdown curves as the early tests. Given the final assessment of the on-going longterm pump tests is not finalized, the original interpolation has been used in the current conceptual design of the brine well field.
Source:

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Flow Sheet:
Summary:

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Projected Production:
Commodity | Product | Units | Avg. Annual |
Lithium
|
Concentrate
|
kt
| 40 |
Sulfate of potash (SOP)
|
Fertilizer
|
t
| ......  |
LCE
|
Concentrate
|
kt
| ......  |
Reserves at January 12, 2020:
it is not relevant to estimate Mineral Resources to a specific cut-off grade
a nominal grade cut-off value of 230 mg/L Li has been applied for reporting purposes only
Category | Tonnage | Commodity | Grade | Contained Metal |
Measured
|
1,680 GL
|
Lithium
|
314 mg/L
|
528 kt
|
Measured
|
1,680 GL
|
Potassium
|
9710 mg/L
|
16,300 kt
|
Measured
|
1,680 GL
|
KCl
|
|
31,200 kt
|
Measured
|
1,680 GL
|
LCE
|
|
2,810 kt
|
Indicated
|
960 GL
|
Lithium
|
316 mg/L
|
303 kt
|
Indicated
|
960 GL
|
Potassium
|
10100 mg/L
|
9,730 kt
|
Indicated
|
960 GL
|
KCl
|
|
18,500 kt
|
Indicated
|
960 GL
|
LCE
|
|
1,600 kt
|
Measured & Indicated
|
2,640 GL
|
Lithium
|
315 mg/L
|
831 kt
|
Measured & Indicated
|
2,640 GL
|
Potassium
|
9860 mg/L
|
26,030 kt
|
Measured & Indicated
|
2,640 GL
|
KCl
|
|
49,700 kt
|
Measured & Indicated
|
2,640 GL
|
LCE
|
|
4,410 kt
|
Inferred
|
470 GL
|
Lithium
|
328 mg/L
|
154 kt
|
Inferred
|
470 GL
|
Potassium
|
10340 mg/L
|
4,860 kt
|
Inferred
|
470 GL
|
KCl
|
|
9,260 kt
|
Inferred
|
470 GL
|
LCE
|
|
786 kt
|
Commodity Production Costs:
| Commodity | Units | Average |
Assumed price
|
Sulfate of potash (SOP)
|
USD
|
550 / t *
|
Assumed price
|
LCE
|
USD
|
9,683 / t *
|
* According to 2018 study / presentation.
2018 Study Costs and Valuation Metrics :
Metrics | Units | LOM Total |
Pre-Production capital costs
|
$M USD
|
......
|
Pre-tax NPV @ 10%
|
$M USD
|
......
|
After-tax NPV @ 10%
|
$M USD
|
......
|
Pre-tax IRR, %
|
|
......
|
After-tax IRR, %
|
|
......
|
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Corporate Filings & Presentations:
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