RE: TRR RNS SONORA24 Oct 2022 08:03
HIGHLIGHTS
· Ganfeng noted that the Project is under construction1 and that it intends to further accelerate construction to "make it a leading project in the field of extraction of lithium from lithium clays."2
· Ganfeng has highlighted a larger planned production profile relative to the previous Feasibility Study published by Bacanora Lithium3, with potential Stage 2 production increasing by 43% to 50,000 tonnes per annum of lithium hydroxide.1
· At the current lithium hydroxide spot price of circa US$80,000 per tonne, upon the Project coming into operation, royalty revenue attributable to Trident at Stage 1 production would be approximately US$24 million per annum, increasing to approximately US$60 million per annum in Stage 2.4