Ann: Strategic investment received from Ya Hua, page-10

Just to put the following statement in the Ann into context:



You need around 6.5 tonnes of 6% (spodumene) concentrate to produce 1 tonne lithium hydroxide monohydrate, and 7.5 tonnes to produce 1 tonne carbonate. So, there 6% concentrate need (which is why they are interested in companies like EFE) at 43,000 tpa at 7 conversion rate becomes 301,000 tonnes concentrate. An additional 50,000 tonnes lithium hydroxide at 6.5 tonnes becomes 325,000 tonnes concentrate. Lithium metal requires around 40 tonnes 6% concentrate equivalent - roughly 40,000 tonnes -so one gets the drift that if EFE has the goods this is one of the foundation customers here IMO IMO.

I guess risk/reward at play here now.

Conversions - Post #:49821585

All the best.

All IMO