Cost Breakdown: Lithium Brine vs. Typical Hardrock Mining

Spotlight Companies |

Lithium is the lightest metal on earth, with many important industrial, military and commercial uses, including increasingly common use powering high-tech gadgets through lithium-ion batteries. While this uniquely valuable metal is mostly only found in small concentrations in select regions, it can be found in larger quantities in lithium brine deposits found in salt flats, and when undertaken by an efficient mining company, the exploration and development of a lithium mining project can be cost hundreds of millions of dollars less than typical hardrock mining.



Dajin Resources Corp. (DJI:CA) is one such energy metals company with strategically located, brine-based lithium exploration projects in South and North America. Currently, Dajin Resources holds a 100% stake in 25 mineral concessions that total 100,000 hectares in northwest Argentina. The claims sit within the "Lithium Triangle," which is reported to contain more than 80% of the world's lithium supply. To get a sense of just how cost-effective a lithium-mining project can be, Dajin Resources created a useful infographic that offers a clear cost breakdown and comparison between a typlical hardrock mining operation and a lithium brine project. Check it out below:

 
Courtesy of: Visual Capitalist

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Private Markets

XY Find It

Founded by serial entrepreneur Arie Trouw, XY Findables follows a single guiding principle: customers should never lose anything important again. With over 50,000 users around the world, more than 100,000…

BioSculpture Technology, Inc.

BioSculpture Technology, Inc. (“BST”) is a commercial-stage medical device manufacturer of liposuction surgical instruments for surgeons. It offers the FDA-cleared Twin Cannula Assisted Liposuction ("TCAL") Airbrush Liposculptor II® controllers, Airbrush®…