A BIG congrats to LKE but the agreement is very much conditional.
The CFA is subject to a standard set of conditions being achieved by Lake Resources including: finalization of the Definitive Feasibility Study (DFS); the performance of Lilac’s demonstration plant; due diligence by WMC; and the LCE meeting the applicable product specifications. The CFA becomes unconditional upon the satisfaction of said conditions precedent.
The difference is:
LPI has completed its DFS
LPI has a proven production process
Due diligence by potential buyers/investors/offtakers on the Maricunga project has been completed
Maricunga BGLCE has been made available to stakeholders for testing.
Consolidation of the Maricunga project structure three weeks from tomorrow should be the catalyst for finalisation of commercial arrangements for the Maricunga project.
Until then I expect matters to remain relatively quiet. Many of us have been on this train for six years plus and we are NOW very much at the pointy end.
LPI Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
