- Leading Edge Materials (LEM) has announced positive PEA results for its Woxna Graphite Anode Project
- The assessment showed the potential viaibility of a Swedish operation producing battery-grade graphite anode material by using an existing graphite mine and concentrator
- This also includes the addition of a value-add processing facility offsite
- The life of project is anticipated at 19 years while life of mine is at 15 years
- Financial highlights of the project also includes Pre-tax Net Present Value (NPV) of US$317m using an 8% discount rate
- Shares of Leading Edge Materials 4.76 per cent to C$0.22 as of5:40 p.m. EDT
Leading Edge Materials (LEM) has announced positive PEA results for its Woxna Graphite Anode Project, located in Sweden.
According to the press release, some of the PEA highlights include the possibility of a Swedish operation producing battery-grade graphite anode material, using an existing graphite mine and concentrator in addition to a value-add processing facility offsite.
The report also indicates that the project can generate an annual EBITDA of $49m and a pre-tax Internal Rate of Return of 42.9 per cent.
Additionally, financial highlights of the PEA results also say that it has a Pre-tax Net Present Value of $317m using an 8 per cent discount rate.
“I’m pleased to share the exciting results from the PEA for our vertically integrated Woxna Graphite mine to anode material project. With forecast post tax IRR of 37.6 per cent the project could potentially deliver a great financial opportunity whilst enabling Europe to reduce reliance on Chinese imports, which currently dominates 100 per cent of the processing of natural flake graphite for lithium-ion battery anode applications,” Filip Kozlowski, CEO of Leading Edge Materials, said in a press release.
Kozlowski continued, “The PEA demonstrates the competitive advantage of the project’s Swedish location, with access to hydropower the planned production is not only shown to be potentially cost-competitive with current global alternatives but also enables a minimal carbon footprint for our products.”
Other highlights of the report also include notable operational highlights, including a 19 year life of project and 15 year life of mine.
Located roughly 300 kilometres away from Stockholm, Sweden, the Woxna Graphite Project holds four different deposits under exploitation concessions as well as surrounding exploration licenses.
Shares of Leading Edge Materials 4.76 per cent to C$0.22 as of5:40 p.m. EDT.
