GDY project was in essence the same cycle .... extraction of superheated (over 200C) free flowing water from boreholes and then reinjection back into the reservoir so there was no net depletion of water from the reservoir...... as what VUL (& geothermal power co that they are initially co-opersting with) are proposing/currently doing.
Major difference is GDY project was solely for electricity generation (Li demand / extraction not even on horizon then) and in the end the economics did not stack up to make it viable at the time, whereas it is principally the Li extraction driving the economics of the VUL project.
Ann: PFS Presentation, page-140
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