GXY galaxy resources limited

the only other near term lithium producer., page-14

  1. 162 Posts.
    @whitepointer: "I believe ADY have a long way to go before they become an economic producer of Lithium from brines the process is complex and is still to be proven on a large scale."

    Thats rubbish. The biggest part of worldwide production of lithium comes from salar brines in Chile. Chilean producer SQM is the biggest, German Chemetall is another one. ADY will be operating under similar conditions in Argentina, close to the chilean border.

    It is much cheaper extracting lithium from brines instead of hard rock pegmatite. "Spodumene is becoming less important a source of lithium due to the emergence of alkaline brine lake sources in China and Argentina, which produce lithium carbonate and lithium hydroxide directly."
    http://en.wikipedia.org/wiki/Spodumene

    Are you guys really excited about 7-10m mineralization of 20% spodumene and 1,5% lithium, 60m of depth?

    Good luck.

 
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