Currently viewing Global edition

Cornish Lithium receives development backing

Major institutional shareholder TechMet has confirmed the second half of an £18 million (US$22 million) investment in private development group, Cornish Lithium, following release of a scoping study on the Trelavour lithium project in Cornwall, UK.

Cornish Lithium receives development backing Cornish Lithium receives development backing Cornish Lithium receives development backing Cornish Lithium receives development backing Cornish Lithium receives development backing

Trelavour pit and drilling

The study tested a 20-year operation producing an average of 7,800 tonnes per annum of lithium hydroxide.

It calculated an NPV (post-tax; 8% discount) of US$318.6 million and an IRR of 24.