Century Lithium (LCE.V) has completed its internal review and optimization work related to the expected capex for its Angel Island lithium project (previously known as the Clayton Valley Lithium project). The internal review revealed potentially cutting off 25% from the initial capex of US$1.58B.
The company was able to reduce the anticipated capex by changing the flow sheet, the equipment selection and updated vendor quotes now there seems to be a general slowdown in the sector. The internal review also detected overlap so there are some redundancies that could be cut.
As this was an internal and non-independent review, the findings will have to be confirmed in an updated feasibility study.
Disclosure: The author has a long position in Century Lithium. Please read the disclaimer.
