NEW YORK -
Confirms Robust Economics and Declares First-Ever Mineral Reserves for the World-Class Nickel Sulfide Project
Proven and Probable Mineral Reserves of 52.2 Million Tonnes (100% Basis; LZM Attributable: 43.9 Million Tonnes) Grading 1.98% Nickel, 0.27% Copper and 0.15% Cobalt
18-Year Mine Life with Steady-State Production Rate of 3.4 Million Tonnes per Annum
Total Production of 902,000 Tonnes of Nickel, 134,000 Tonnes of Copper and 69,000 Tonnes of Cobalt in Intermediate Product over the Life of Mine (100% Basis)
First Quartile Cost of Production, with Low All-In Sustaining Costs Averaging $3.36 per Pound Payable Nickel
Low Initial Capital Intensity of Approximately $18,800 per Tonne per Annum of Nickel Production
$1.58 Billion After-Tax NPV (8%) and 23.3% After-Tax IRR at $8.49 per Pound Nickel Price with Payback of 4.5 Years from First Production
Webcast with Lifezone’s Leadership Team on Monday, Jul
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