Lithium Milestones & Phases - AMG Lithium

Lithium Milestones and Phases

Phases I & II Lithium Concentrate

Monetization of substantial lithium mineral deposits currently residing in AMG Mineração’s tailings ponds and tailing stockpiles; AMG will construct two lithium concentrate (spodumene) production facilities, co-located with AMG Mineração’s tantalum mine and upgrading plant in Brazil

Initial production of 90,000 MT of lithium concentrate per annum, with a target to expand to 180,000 MT by end of 2019

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