08:53 AM EDT, 09/17/2025 (MT Newswires) -- Lithium Ionic ( LTHCF ) reported Wednesday the results of a definitive feasibility study for the Bandeira lithium project in Brazil.

The study outlined a posttax net present value of US$1.45 billion based on an 8% discount rate, with a 61% internal rate of return and a 2.2-year payback period.

Lithium Ionic ( LTHCF ) said the study showed improvements from a May 2024 feasibility study, which generated a posttax net present value of $1.31 billion, a 61% internal rate of return and a 3.4-year payback period.

Initial capital costs were also reduced to $191 million from $266 million.

The project is expected to produce 177,000 tonnes per annum of spodumene concentrate over a mine life of 18.5 years.

"As demand for lithium continues to grow to support global supply chains and the energy transition, Bandeira is exceptionally well positioned to play a key role as a low-cost, reliable supplier," chief executive officer Blake Hylands said.