Lithium Argentina Announces The Results Of The Scoping Study For The Pozuelos-pastos Grandes Lithium Brine Project In Salta Province, Argentina.

The new joint venture, Ganfeng and Lithium Argentina will own 67% and 33% of PPG, respectively.

Highlights:

• Scalable platform: Production capacity of approximately 150,000 tpa of LCE in three stages of 50,000 tpa of LCE each with a 30-year project life.
• Globally significant resource: 15.1 Mt LCE measured and indicated resource across consolidated basins, placing PPG among one of the largest undeveloped lithium brine resources.
• Hybrid processing approach: Uses hybrid solar evaporation and Direct Lithium Extraction ("DLE") process designed to improve efficiency and reduce freshwater use.
• Low-cost profile: Operating cash cost2 of $5,027/t with an all-in sustaining cost ("AISC")3 of $5,351/t over project life.
• Competitive capital cost: Stage 1 initial capital cost estimated at $1.1 billion (including 16% contingency). Total capital cost of $3.3 billion over life of project.
• Compelling economics: At $18,000/t lithium carbonate, after-tax NPV8% of $8.1 billion and IRR of 33%; Even at $12,000/t, PPG has an IRR of 21%.
• Proven partnership: Combines Ganfeng's processing expertise with Lithium Argentina's upstream experience and in-country team with track record of developing nearby Cauchari-Olaroz.
• Financing pathway: Jointly advancing financing process considering debt, offtake and minority equity investments.
• Stage 1 permitted: DIA approval Stage 1 received; RIGI application targeted for H1 2026.