Neves Project Feasibility Study: $539M NPV, 145% IRR
Atlas Lithium Corporation's Neves Project in Brazil, Minas Gerais (Lithium Valley) has a Feasibility Study outlining an after-tax NPV of $539M, an after-tax IRR of 145%, and initial capital of $58M. The mine plan runs 6.5 years at about 146 kt SC5.5 per year.
Atlas Lithium Corporation's Neves Project has reported Feasibility Study results for the lithium (spodumene) project in Brazil, Minas Gerais (Lithium Valley). The study headlines an after-tax net present value of $539M. It reflects Atlas Lithium Corporation's (ATLX) latest disclosed economics for the asset.
Economics. The after-tax NPV is $539M. After-tax IRR is 145%. Initial capital expenditure is estimated at $58M. The study models a payback period of 0.92 years. All-in sustaining costs are pegged at 489 USD/t SC5.5.
Production and mine plan. The project envisions an open-pit operation. Life of mine is 6.5 years. Average annual production is approximately 146 kt SC5.5. Average head grade is 1.17% Li2O (LOM average).
Resources and ownership. The company holds a 100% interest in the project. Royalties and streams: 2% royalties.
These figures are extracted from Atlas Lithium Corporation's technical disclosures and reflect the most recent Feasibility Study on file. Compare this project against other developers and producers in our project economics database, and always verify the numbers against the original technical report before making any investment decision.
Reserves & Resources
| Category | Tonnage | Grade | Contained |
|---|---|---|---|
| Proven & Probable | 7.3 Mt | 1.23% Li2O (undiluted); 1.169% Li2O (diluted) | 950,991 tonnes concentrate |
Our Analysis
- IRR after-tax
- 145%
higher than 97% of 298 projects we track
- NPV after-tax
- $539M
- Initial capex
- $58M
11% of NPV
- Payback
- 0.9yrs
- Mine life
- 6.5yrs
At 145% after-tax IRR, the project ranks in the top decile of the 298 all commodities projects we track, and comfortably clears the ~15% after-tax return developers typically need to finance a build. Its after-tax NPV is well above the company's market capitalisation (roughly 6.6x, on a currency-adjusted basis) — a wide gap that can flag value the market hasn't yet priced — though dilution, financing and permitting risk usually explain part of it. Initial capital runs to about 11% of project NPV, making it capital-light; funding that build is the central execution risk. A modelled payback of 0.9 years is fast for a project of this type. The project is located in Brazil, Minas Gerais (Lithium Valley), a factor in its overall risk profile.
Our take, benchmarked against the project economics in the Mining Stocks database. Figures are estimates drawn from company technical reports — not investment advice; always verify against the source filing.