Vulcan delivers DFS for German project

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Vulcan delivers DFS for German project
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.VulcanEnergyRes has delivered DFS results for its lithium project in Germany, pricing the Stage 1 development at €1.49-billion investment BatteryMinerals CriticalMinerals mining resources Europe EV

PERTH – The definitive feasibility study for Phase 1 of the Zero Carbon lithium project, in Germany, has estimated a capital cost of €1.49-billion, up from the €700-million considered in the 2020 prefeasibility study, as ASX-listed Vulcan Energy increased the project scope.

Vulcan Energy told shareholders on Monday that the DFS had resulted in a more than 250% increase in the project’s estimated net present value, which now stood at €3.9-billion pre-tax, and a near 40% increase in the estimated internal rate of return, which now stood at 34%.

“The Phase 1 DFS, backed up by technical data from our operating commercial geothermal wells and plant, and our operating lithium extraction pilot plants, shows compelling financial results, as well as world- leading target environmental metrics.

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