PLS 5.83% $3.07 pilbara minerals limited

Good News & Bad News, page-37417

  1. 189 Posts.
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    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.

 
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