Millennial has recently completed a Feasibility Study (FS) on its Pastos Grandes Project which yielded Proven Reserves of 179,000 tonnes of Lithium Carbonate Equivalent (LCE) and Probable Reserves of 764,000 tonnes of LCE. The economic analysis from the FS yielded robust economics for a 24,000 tonne/year battery grade LCE operation with a CAPEX of $442M, OPEX of $3,388/t LCE, NPV(8) of $1,030M and IRR of 24.2%. Pilot plant and pilot pond trials are ongoing at the project.View Research Report by Cantor Fitzgerald
Graham Harris – Chairman / Director
Mr. Harris has over 30 years’ experience in the finance industry, including as a senior VP of Canaccord Genuity Corp. (1999-2004) and as a senior VP and partner of Yorkton Securities (1989-1999). He has directly raised over 400 million in development and venture capital for public and private companies. He was a founder of Cap-Ex Iron Ore Ltd., a founding director of M2 Cobalt Corp- recently merged with ASX listed Jervois Mining Ltd. and is the founder of Millennial Lithium Corp . Mr Harris currently serves as a Chairman and Director of Millennial Lithium Corp.
What is your rationale for attending 121 Mining Investment?
We are looking for groups that may be interested in finacing Pasto Grandes through various means, including: Equity, Debt, and Offtake.
What recent news would you like to highlight to investors attending?
Completion of Positive Feasibility Study
What are your key goals for the next 3, 6 and 12 months?
Have all production and environmental permits in place
Complete full project funding and start construction of Lithium Brine Ponds
Complete construction of Lithium Processing Plant
What do you see as the key risks and challenges facing your company at the moment and how are you overcoming these?
We are working with the Argentinian Government to complete a fiscal stability agreement.
In a sentence, what do you think makes your company such a compelling investment?
Lithium will be in a major supply deficit in the coming years, thanks to the boom in electric vehicles sales. Our plan is to be in production to take advantage of this market