Atlas Lithium (NASDAQ:ATLX) has appointed Alfa Engenharia as the specialised electromechanical assembly contractor for the Neves Project in Brazil.
The scope of work awarded to Alfa encompasses the complete assembly of the Neves Project’s processing plant, from the crushing systems through to final product processing and dispatch. The contract also includes the installation of all mechanical, electrical, instrumentation, and automation systems required for plant operations.
Atlas Lithium says Alfa was chosen based on its track record in large-scale industrial and mineral processing projects, technical alignment with the Definitive Feasibility Study, and adherence to Atlas Lithium’s rigorous standards for quality, safety, and schedule performance.
With more than 35 years of experience, Alfa has delivered complex industrial projects across Brazil, providing comprehensive solutions in electromechanical assembly, metal fabrication, and refractory services for major miners and steel industry clients.
Based on a Definitive Feasibility Study, Neves is expected to produce 146,000 tonnes of lithium concentrate annually at an estimated operating cost of US$489 ($681.73) per tonne at the mine gate.
The Neves Project has a net present value of US$539 million and an internal rate of return of 145%, with an 11-month payback period.
Atlas Lithium is an explorer and developer focused on advancing the Neves Project towards production.
Write to Aaliyah Rogan at Mining.com.au
Images: Atlas Lithium
