Ann: Company Presentation Major Lithium Project, page-18

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siriosly

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04/11/17

14:12

Post #: 28500105
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Originally posted by siriosly ↑

Key sentence:

Next 3 months: Optimise scoping study.

Also from Scoping study:
"further work is required in several aspects to reduce the current low-confidence level of a Scoping Study (+/- 35% accuracy) in relation to several aspects of the process flow sheet including but not limited to the final upgrade and mass-retention of floatation[sic] (beneficiation) and overall plant recovery (56.1%)."

IMO who are managing their test work performed a flotation test for EMH at their lab with 98% recovery at the same grind. If the same was replicated for PLH, the production would go to 22,600tpa Li2CO3, or using magnetics like EMH does @90% recovery, production would go to 20,700 tpa.

This would likely occur with a simultaneous drop in production costs as the mining,admin and beneficiation costs would be the same, roasting and recovery to carbonate would only increase proportionally to production, and if the upgrade in beneficiation improved, might even go down.

Now as they fine tune the study, costs might end up going up, but i see the above as being able to deliver a DFS with at least the same cost basis, likely lower costs and higher production from the same mined tonnes.

I would like to ascertain if the above is a priority with the company.

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Well the quarterly report answered that one. Great news. This is gonna fly.

INF Price at posting: 19.5¢ Sentiment: Buy Disclosure: Held
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Ann: Company Presentation Major Lithium Project, page-18

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Ann: Company Presentation Major Lithium Project, page-18

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