Good News & Bad News, page-37417

Hi Mowee

“Why wouldn't they continue indefinitely? “

Accordingto Dwayne Sparkes@sparkes article Spod vs. Lepaedolite comparison analysis Lepidolite contains moredeleterious elements, is generally lower grade than Spodumene, is slower andmore difficult to process, especially in the leaching stage. There is a lot of wastage “converterssending ore back and tailing storages blowing out in size.”

Example: Say you've got a deposit that's Li₂O is1.0%,1.2% Fe₂O₃, a recovery rate of 75%. If you want toget SC6 and meet the specifications, you're going to need 8 tonnes of ore andyou're going to have to deal with 9.6% Fe₂O₃!! Anexpensive process. Compare that with a company that has 1.5% Li₂O,0.6% Fe₂O₃ and a recovery rate of 75%. They need 5.3tonnes of ore to achieve SC6 and only have to deal with 3.2% Fe₂O₃.Credit: Dwayne Sparkes@sparkes_dwayne article Spodvs. Lepaedolite comparison analysis.