Mining Intelligence and News
Chile

Laguna Verde Project

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Categories

Overview

Mine TypeIn-Situ
StagePermitting
Commodities
  • Lithium
Mining Method
  • Brine mining
Mine Life... Lock
SnapshotLaguna Verde Project has a 217 km2 licence area and features a hypersaline lake covering 15.2kmĀ² at the low point of the basin with a large sub- surface aquifer, ideal for direct lithium extraction due to the shallow depths.

The Project affords significant potential development and operational advantages and has direct access to existing infrastructure and renewable power.

Applications for operating permits for Laguna Verde submitted in Sept 2023 and now being updated in line with the new administrative procedure announced by the Government post-period end in April 2024.

Laguna Verde PFS and EIA are currently underway and targeted for completion Q3 2024 and end of 2024 respectively.

Owners

SourceSource
CompanyInterestOwnership
CleanTech Lithium PLC 100 % Indirect
CleanTech Lithium, via its 100% owned subsidiary Atacama Salt Lakes SpA, owns either directly or via an exclusive purchase option a total of 52 exploitation and exploration concessions in the Laguna Verde Project.

Contractors

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Deposit type

  • Sedimentary

Summary:

Laguna Verde is a hyper saline lagoon that is classified as an immature clastic salar. The deposit is composed of a Surface Brine Resource, formed by the brine water volume of the surface lagoon and the Sub-Surface Resource, formed by brine water hosted in volcano-clastic sediments that lies beneath the lagoon.

The project is within a closed hydrographic basin of approximately 1,075 km2 , surrounded by a series of volcanoes, and features an active geothermal system with surface manifestations.

The lagoon is a free water body and no mineralized structures are expected in the sub surface deposits.

Dimensions
For the Surface Brine Resouce the lagoon dimensions are 14,682,408 m2 of area with depths ranging from 0 m to 7.18m with an average depth of 4.05 m.

The Sub-Surface Brine Resource is a horizontal lens closely restricted to the lagoon perimeter with an area of approximately 55 km2 and depths for more than 400 m, from approximately 4,309 m a.s.l. to the basement level.

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

CommodityUnitsAvg. Annual
Lithium t 20,000
All production numbers are expressed as carbonate.

Operational metrics

Metrics
Annual processing capacity  ....  Subscribe
Annual brine extraction  ....  Subscribe
* According to 2023 study.

Production Costs

CommodityUnitsAverage
Cash costs LCE USD  ....  Subscribe
Assumed price LCE USD  ....  Subscribe
* According to 2023 study / presentation.

Project Costs

MetricsUnitsLOM Total
Initial CapEx $M USD  ......  Subscribe
Net revenue (LOM) $M USD  ......  Subscribe
After-tax Cash Flow (LOM) $M USD  ......  Subscribe
After-tax NPV @ 10% $M USD  ......  Subscribe
After-tax NPV @ 8% $M USD  ......  Subscribe
After-tax IRR, %  ......  Subscribe
After-tax payback period, years  ......  Subscribe

Heavy Mobile Equipment

Fleet data has not been reported.

Personnel

Mine Management

Job TitleNameProfileRef. Date
....................... Subscription required ....................... Subscription required Subscription required Feb 28, 2024
....................... Subscription required ....................... Subscription required Subscription required Feb 27, 2024
....................... Subscription required ....................... Subscription required Subscription required Feb 27, 2024

EmployeesYear
...... Subscription required 2023

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