Goldies, by scoring Brazil in ground the size of Victoria and NSW they have access to certainly demonstrates the scale of known lithium in the ground. That's what will make this operation economic.
Its not rocket science to extract stuff and many operations in other mineral fields use a variety of methods to maximise extraction which are trialed in laboratories depending how a mineral forms in ore. Its par for the course.
USC75 makes a valid point referring to Randal and the Boards thoughts on this matter. So processes, a couple of companies are undertaking with LPD in Australia should also be seen in this context. Go back a couple of years and lithium reality in energy had a much lower profile. Its all infant industry stuff, whatever form it takes.
The topic simply asks about economic uses of the ambyglomite. As such, economic activity is better served by scale, not a value judgement based on a view it is sub par lithium because value equals price times quantity.
Historial high grade, abundant ambyglonite is not common as a deposit but it is here and they have verified some of the old data at their disposal in their first pass. I say again, they have data which demonstrates Spodumene presence which they are yet to examine.
So they are not scouring, because they know where to look in areas that have been mined before, have old data and they have the expertise to drill. It is low cost for them because they run a drilling subsidiary. They also understand seasonality in Brazil as they understand areas where there is low hanging fruit just as there is spodumene in abundance in other parts of the globe.
You may want to consider lithium extraction from brine is capital intensive up front. These guys are looking at alternatives.
- Forums
- ASX - By Stock
- Amblygonite and it's economic uses
Goldies, by scoring Brazil in ground the size of Victoria and...
-
- There are more pages in this discussion • 37 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CGM (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LPM
LITHIUM PLUS MINERALS LTD.
Simon Kidston, Non--Executive Director
Simon Kidston
Non--Executive Director
SPONSORED BY The Market Online