Portfolio Update: Thacker Pass Lithium Project

Deterra Royalties Limited (ASX: DRR) has provided an update on the Thacker Pass Lithium Project, acknowledging the latest developments from Lithium Americas Corporation. Deterra holds a gross revenue royalty of 4.8% on the project, which will decrease to 1.05% after a partial buyback, resulting in a payment of US$13.2 million to Deterra.

Thacker Pass is recognized as the world's largest measured lithium reserve, boasting a non-JORC Proven and Probable reserve of 14.3 million tonnes of lithium carbonate equivalent and a non-JORC Measured and Indicated resource of 44.5 million tonnes LCE. Lithium Americas Corporation has proposed an expansion plan to double production capacity to 160,000 tonnes annually across four phases. The optimized life of the mine is projected to be 85 years, with competitive C1 operating costs of $6,238 per tonne, positioning Thacker Pass as a low-cost producer.

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