To further illustrate why RIO is interested in the US asset (but not PLS) ...
- There’s 90 years worth of tailings sitting on the ground that doesn’t need to be mined or crushed or milled
- The tailings are “high grade” Li (no details to %)
- US$10M pilot plant to confirm process ... but at this stage they think they can build a US$50M plant to make 5,000tpa LCE (US$10K per tpa) ... that’s a lot cheaper than PLSs Posco JV (US$ 15-16.5K per tpa LCE capacity) ... and it includes mine processing as well!!
OK - I get that costs can increase a lot between concept and DFS, but that’s a big gap.
Plenty of others explained Jadar last time you suggested this nonsense, so I won’t go there.
Good News & Bad News, page-2271
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