Millennial is focused on the development of its flagship lithium brine project, Pastos Grandes, situated in the province of Salta in the Lithium Triangle of Argentina. Lithium producers in the Triangle include SQM, Abermarle, FMC and Orocobre.
Millennial has outlined Measured and Indicated Mineral Resources of 2.1M tonnes Lithium Carbonate Equivalent (LCE) and Inferred Mineral Resources of 0.9M tonnes LCE. A recent Preliminary Economic Assessment indicates potentially robust economics for a 25,000 tonne/year LCE operation with a CAPEX of $410M, OPEX of $3,218/t LCE, NPV(8) of $824M and IRR of 23.4%. A Feasibility Study on the project is in progress.