RE: Ann/rns in Aus30 Oct 2022 22:19
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