Ann: Liontown executes Binding Offtake Agreement with Ford, page-75

Yes mate@GGG77
They are very much desperate.

150,000kt of spod concentrate is nothing.
I will make a simple calculation here to explain how many EVs can be made with that.

150,000kt spod concentrate can make (roughly) 22,200kt of LCE

That all 22,200 LCE can't go into the batteries only 15,000kt will be used, because...
there is a very important point here...

In the cathode making process only the 70% of LCE can be used and 30% is wasted (Refining losses for the cathode material purification process).

So the offtaker gets 15,000kt usable LCE.
That is 15,000,000kg of LCE

If we consider an EV has ave. 50kWh battery, there is 45kg of LCE in it,

15,000,000kg / 45kg = 333,000 EV with 50kWh battery

So Ford or Tesla will be only manufacture 333,000 EVs with 150,000kt of Spod concentrate per year.

We know Tesla manufactured 1m EVs in 2021. Tesla may reach to 1.5m EVs this year.

I don't know where Tesla and other all OEMs will get the lithium to reach their goals.

Can you see the big deficit?

It's obvious.

The market is stupid IMO.

Not all lithium is equal btw.
Not all deposits are the same.

LTR's KV is very high grade, at no risk location.

There is only one other project at the same quality to our KV project; it's the SQM/WES's Earl Grey My Holland project, other than Greenbushes.

Just wait, we have a lot more resource down there, at least another 50mt IMO. LTR will drill down more and find it. (We know it's down there, it was obvious on all the last holes, it was open to NW and down deep.)

The new resource upgrade by drilling more will probably give us another chance to make another 150,000kt offtake agreement with a new offtaker, or we will increase the existing offtake agreement allocations.


Cheers.