• Dakota Minerals Sepeda Lithium Project

    Europe's Largest
    JORC Lithium Pegmatite Resource

    Sepeda Lithium Project

  • Cropped Sky

    Fuelling the European
    energy transition

Sepeda Lithium Project

 

Sepeda Lithium Project, Barroso-Alvão district, Northern Portugal

  • Sepeda maiden Mineral Resource – 10.3Mt @ 1.0% Li2O and 0.05% 1
  • Largest JORC lithium pegmatite Mineral Resource in Europe
  • Mineral Resource currently only from one pegmatite (Romano) – numerous other pegmatites yet to be tested.
  • Phase 3 and 4 drilling underway, Resource update on schedule for Q3 ‘17
  • Scoping study and initial metallurgical sighter study results expected shortly
  • Feasibility studies to commence imminently. Demonstration plant expected to produce petalite concentrate during Q3 2017
  • Aggressive target to commence concentrate production by early to mid-2019, and lithium carbonate/hydroxide production by early-mid 2020
  • Excellent infrastructure and proximity to markets

Sepeda – a Major New Lithium Discovery

Lithium Portugal

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Sepeda – Romano Pegmatite Long Section

Lithium Portugal

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  • Drill Rig At Sepeda
  • Surveying At Sepeda
  • Drilling at Sepeda
  • Lithium-bearing pegmatites

Sepeda – Ultra-Low Impurity Product, Simple Metallurgy

  • Petalite is a lithium aluminium silicate similar to spodumene, which studies have shown can be processed via conventional, commercially-proven methods.
  • No difficult or exotic lithium minerals present, such as micas or clays (no fluorine) – lower development and environmental risk
  • Interim metallurgical testwork results indicate an ultra-low impurity petalite concentrate, grading 4.4% Li2O and 0.01% Fe2O3, can be produced from Sepeda material
  • This meets Technical Grade lithium concentrate specifications, which command a premium over Chemical Grade products due to their low impurities
  • Technical Grade (TG) lithium mineral concentrates are priced at 70-80% of the 99.5% lithium carbonate (40% Li2O) equivalent (LCE) price. At a long-term average forecast price of US$10,000/t LCE this equates to US$750-800 per tonne of 4.4%Li2O petalite delivered to the customer
  • This compares with Chemical Grade (CG), lithium mineral concentrates, with higher iron and other impurities, which are generally sold for further processing and purification to lithium carbonate at a discount to Technical Grade
  • Battery-grade lithium carbonate/hydroxide produced using conventional, commercially-proven “off-the-shelf” technologies, from testwork at Anzaplan in Germany
  • Potential for flexibility - dual product stream: a) Technical Grade lithium concentrate and b) Battery Grade lithium carbonate. Demonstration plant to produce large samples for potential offtake customers in Q3 2017

Sepeda – Aggressive Development Timeline, Strong Cash Position

Q4 - 2016
  • Environmental Impact Assessment (EIA) & Scoping Study for petalite and lithium chemical production commenced - completed
Q1 - 2017
  • Complete Maiden Resource - completed
  • Evaluate alternative Listing - completed
Q2 - 2017
  • Metallurgical test-work & Scoping Study completion targeted
  • Commence Feasibility Studies & negotiation of Sales Agreements
Q3 - 2017
  • Resource update and Demonstration plant to produce large offtake customer samples
Q3 - 2018
  • Grant of EIA and mining licence, commence plant construction
Q2 - 2019
  • Commence mining and Technical Grade concentrate production
  • Commence construction of carbonate/hydroxide plant
Q2 - 2020
  • Commence LiCO/OH Production

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