Lithium Milestones & Phases - AMG Lithium

Lithium Milestones and Phases

Lithium Concentrate

Monetization of substantial lithium mineral deposits currently residing in AMG Mineração’s tailings ponds and tailing stockpiles

Initial production of 90,000 MT of lithium concentrate per annum

2015

Lithium concentrate (spodumene) plant studies completed by Outotec (Q4 2015)

  • Conceptual study
  • Pre-feasibility study

The pilot plant received basic maintenance and wet magnetic separators were rented, placing the pilot plant back into operational condition.

2016

  • July 2016 – Spodumene plant I (90,000 MT annual production capacity) basic engineering completed by Outotec
  • July 19th, 2016 – plant I investment of $50M approved by AMG’s Supervisory Board
  • November 2016 – plant I construction commenced

2017

  • March 3rd, 2017 – signed multiyear contract to supply 90,000 MT lithium concentrate
  • March 9th, 2017 – AMG announced target to expand spodumene production operations to 180,000 MT per annum by end of 2019
  • April 3rd, 2017 – updated resource statement published
  • December 12th, 2017 – plant II investment of $110M approved by AMG’s Supervisory Board

2018

  • May 15th, 2018 – achieved startup and commissioning of AMG Mineracao’s first lithium concentrate processing plant
  • September 24th, 2018 – first shipment of commercial product to AMG’s long-term offtake customer completed