NICE INDEED when you look at the numbers that Lithium Sulphate will bring,
Hopefully not a mistake , but the stage 1 includes the lithium sulphate plant .
To do this, the DFS plots out a plan to develop Manono in potentially two stages – the first stage entailing a dense-media separation (DMS) recovery producing SC6 concentrate, with an added calcining circuit to produce a lithium sulphate and the second stage combining additional processing by adding a carbonate or hydroxide circuit to the plant, to produce the lithium carbonate or hydroxide product.
A cost US$179 million, the lithium sulphate plant will be easily repaid by producing a higher value lithium sulphate for use in hydroxide conversion plants – a product that fetches a much higher price of about US$7 400/t, compared to SC6 prices of around US$430/t as modelled in the DFS.
Currently Lithium Hydroxide is US $9.40 per kilo $9400.00 per ton so would be assuming that the US$7400 is for lithium sulphate.
ALL IMO
AVZ Price at posting:
6.4¢ Sentiment: Buy Disclosure: Held