American Battery Technology Company Announces S-K 1300 Initial Assessment For Its Tonopah Flats Lithium Project
Portfolio Pulse from Benzinga Newsdesk
American Battery Technology Company (ABTC) announced a positive Initial Assessment for its Tonopah Flats Lithium Project, with an updated mineral resource estimate of 18.03 million tons lithium hydroxide monohydrate. The project boasts an after-tax NPV of $4.41 billion, IRR of 65.8%, and a payback period of 2.4 years. The mine life is projected to be over 400 years with an average annual production of 33,000 tons. The assessment included data from Drill Program II and metallurgical testing, with plans for further updates and studies to optimize the commercial refinery design.
December 21, 2023 | 1:52 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
ABTC's positive Initial Assessment for its Tonopah Flats Lithium Project indicates significant potential with a large resource estimate and strong economic projections, suggesting a positive outlook for the company's future operations and profitability.
The Initial Assessment's positive results, including a high NPV and IRR, indicate strong future profitability for ABTC, which could lead to increased investor confidence and a potential rise in stock price in the short term. The significant size of the resource and the strategic importance of lithium for the battery industry further underscore the potential impact on ABTC's stock.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100