Allkem General Discussion, page-203

I think there are two named Rincon projects. The one Rio is buying is from private equity group Sentient Equity Partners. They provide a link to a stand alone website. Here is some info, including a short video which is informative.

https://www.rinconmining.com/salar-del-rincon/

Not to be confused with the Rincon Lithium project: https://www.argosyminerals.com.au/rincon-lithium-project-argentina

Seems the project Rio is buying is to produce about 50ktpa over 40 years.

The really spooky thing for Allkem is that Rio's Rincon project is another proposing to use direct lithium extraction from the brine rather than using evaporation. Evaporation not only takes up lots of capex and time but is extremely inefficient in extracting lithium. I recall one claim that DLE extracts as much as twice as much lithium as extracted by evaporation. Good for Allkem as long as it has access to that type of technology but not so good if it is using evaporation and a predator can come in and use some form of DLE. I know Lake Resources are also intending to not use evaporation in their projects. My understanding is that the key thing holding back commercialising DLE is that currently is not very consistent in what it produces. But I cannot imagine Rio would line up a project with dodgy processes.