Merger: Yes or No, page-264

Just on the DLE....

From the last quarterly.

Andrew Barber

Nothing (noting), we are just on time, but if we could take one final question from the webcast and that would be regarding DLE technologies and whether Allkem's been working on DLE technologies in particular for all arose (Olaroz). what that might mean for recoveries and things like water usage, please?

Martin Perez de Solay

Thank you, Andrew for the question. Yes, we are working with DLE technologies. We're currently piloting one technology for Olaroz and we're looking into our ability to get good recoveries from that technology. During the next quarter, we will be -- start that pilot project. And we aim from the DLE technologies, the ability to improve the recovery from the brine. At the same time, we're looking into minimizing the consumption of fresh water. As you know, DLE technologies are quite demanding on the availability of fresh water, we don't have enough fresh water. In Olaroz it's not a restriction in there. But we're looking into that balance. Also, applying it to DLE technologies may help us reduce overall production cost and mixing it with the current operation technology. So that's what we're looking for in Olaroz. And pilots, as I said before, are being conducted during this quarter.


They never throw to online questions. Never. So this seems like a bit of an opportunity for them to spread the message and provide some hints?

If the market has some form of inside word on what successful tech means for future recoveries and costs of production (spod v brine), then perhaps hard rock will take a back seat to brine for the foreseeable future.

SDV is designed to produce 80% battery grade. If DLE works and improves annual production rates and recoveries then the underlying NPV of Allkem's assets should be significantly higher than the current Aud$29b (yes B for Billion).

No wonder they are trying to rush through the merge.

Not advice