Century Lithium Chief Financial Officer Braam Jonker joined Steve Darling from Proactive to announce the company’s successful completion of its initial internal Optimization Study, which identified potential capital expenditure (CAPEX) reductions of up to 25% for Phase 1 of its Angel Island Project. This optimization follows the company’s Feasibility Study released in April last year, which estimated initial Phase 1 CAPEX at $1.581 billion. Jonker explained that cost savings are expected through several key improvements, including modifications to the flow sheet, optimized equipment selection, and updated vendor quotes for critical processing areas such as filtration, Direct Lithium Extraction, and the chlor-alkali plant. Additionally, an internal review of engineering and construction plans identified opportunities to streamline processes, reduce redundancies, and enhance efficiency from mining through to the on-site production of battery-grade lithium carbonate. The company also anticipates reductions in indirect costs, including contingency and engineering, procurement, and construction management, as a percentage of overall CAPEX, thanks to these optimizations. Furthermore, Century Lithium expects to generate additional revenue by selling surplus sodium hydroxide produced during the lithium extraction process, further improving the project's economics. With these promising results, Century Lithium will now initiate work on an Updated Feasibility Study to validate the findings of the Optimization Study to the required level of confidence. The company believes that the combination of enhanced mine planning, streamlined processing, and additional by-product sales will position Angel Island as a competitive, cost-efficient producer of battery-grade lithium carbonate, supporting the growing demand for lithium in the global energy transition. #proactiveinvestors #centurylithiumcorp #tsxv #lce #otcqx #cydvf #mining #oricaspecialtymining #LithiumMining #AngelIslandProject #NevadaLithium #MiningNews #CapExSavings #BraamJonker #ProactiveInvestors #BatteryMetals #ResourceSector