Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
If we do get a decent RNS PC’s history suggests the placing announced the day after will destroy any rise we see!
Looking at the SP 2 years ago it’s pretty easy to suggest PC doesn’t have a clue about sealing a deal, maybe it’s time he sticks to what he is good at and we actually employ someone that knows how to get pen to paper and get a deal signed!
Does it matter what news we get when PC’s credibility is gone? Over two years ago we were aiming for first commercial production Spring 21, currently it’s not looking like we will have commercial production in Spring 23! Have we actually progressed at all since then?
We have seen this sort of price action before, they are clearly filling an order. I won’t be surprised if we touch £3 within the next week…if they were actually letting anyone buy at the moment we might have hit it by the end of this week!
The full release is on HotCopper, looks like it might be a great day tomorrow!
SIMPLIFIED EXTRACTION PROCESS DELIVERS EXCEPTIONALLY CLEAN BATTERY-GRADE LITHIUM PRODUCT WITH IMPROVED ECONOMICS
HIGHLIGHTS
• Simplified Lithium Chemical Plant (“LCP”) extraction process has delivered exceptionally clean
battery-grade lithium carbonate
• Significant reduction in most impurities far exceeds current market accepted battery-grade specifications and steps required in the LCP process reduced from 15 to 7
• LCP has capability to deliver very high purity lithium hydroxide, lithium carbonate, lithium sulphate or lithium phosphate
• Simplified process is expected to reduce both Capex and Opex in the LCP by 10-20%.
• LCP recoveries of 88-93% lithium proven in locked-cycle testwork, an outright recovery
improvement of 3-6% over locked-cycle testwork for earlier more complex flowsheet
• Patent application lodged to protect global intellectual property rights
• Test work proves re-engineered Front-End Comminution and Beneficiation (“FECAB”) circuit recovers >87% of lithium
• LCP pilot programme to commence in 4Q CY22 with marketing samples available to offtake partners in 1Q CY23; pregnant leach solution containing 48kg of lithium carbonate equivalent is ready to be processed
• New flowsheet provides ESG Benefits - lower reagent use and reduced cooling requirements