Century Lithium: Investor Newsletter – Upcoming Events | Media Appearances | News

The Clayton Valley Lithium Project is a large-scale Nevada-based Lithium Project, with a +40-year mine life and has a three-phase production plan that will generate a life-of-mine average of 34,000 tonnes per annum of battery-quality lithium carbonate.

In addition, the FS outlined that the Project’s OPEX, after sales of surplus sodium hydroxide (NaOH), a by-product of the chlor-alkali plant, boasts one of the lowest operating cost in North America.

The next steps for the Company are to complete the Plan of Operation, advance permitting, examine ways to optimize power requirements and incorporate alternative energy solutions – and attract a strategic partner.

Century will continue engaging with governmental agencies and other parties and proceeding with detailed engineering to further advance the Project.

If you have any questions, please feel free to reply to this email or reach out to us directly at +1 604 764 1851.

• Large-Scale Nevada-based Lithium Project: three-phase production plan will generate a life-of-mine average of 34,000 tonnes per annum (tpa) of battery-quality lithium carbonate (Li₂CO₃)
• Innovative Approach in Processing: patent-pending chloride leaching process combined with Direct Lithium Extraction (DLE), the Feasibility Study is supported by 2+ years of testing at the Company’s Pilot Plant
• Mineral Resource Estimate: Measured and Indicated resources totaling 1,207.33 million tonnes (Mt) at an average grade of 957 parts per million (ppm) lithium (Li) containing 1.155 Mt of Li or 6.148 Mt of lithium carbonate equivalent (LCE)
• Long 40-Year Mine Life: Proven and Probable Mineral Reserve Estimate totaling 287.65 Mt at an average grade of 1,149 ppm Li containing 0.330 Mt of lithium or 1.759 Mt of LCE
• Initial Project: Phase 1 Capital Cost $1.537 billion for production capacity of 13,000 tpa LCE
• Designed for Expansion: Phase 2 $0.651 billion for 28,000 tpa LCE, and Phase 3 $1.336 billion for 41,000 tpa LCE; Project expansions are capitalized with Project cash flow
• Low Operating Cost: average operating cost $8,223/t of Li₂CO₃ produced, or $2,766/t after sales of surplus sodium hydroxide (NaOH)
• After-tax IRR of 17.1% at $24,000/t Li₂CO₃: $3.01 billion after-tax net present value (NPV) at 8% discount rate and a 17.1% after-tax internal rate of return (IRR), using price assumptions of $24,000/t for Li₂CO₃ and $600/dry metric tonne (dmt) for NaOH