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5.26%

2.0¢ arizona lithium limited

Ann: 99.7% LITHIUM CARBONATE PRODUCED FROM BIG SANDY PROJECT, page-119

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Chris2184

10,187 Posts.

2192

03/03/21

15:52

Post #: 51489045
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Originally posted by bombersmadd: ↑

My Table points out that Lake has 221mg/L and HWK has 1,850ppm. These are two different measurements that convey different meaning.

For a standard solution of water for example, the comparison for each would equate to equal i.e. 1 ppm would equate to 1mg/L.

When measuring a Brine Li Deposit vs A sedimentary rock deposit, the densities of the surrounding media / material is different, the two are therefore non-comparable. Grade 10 or 11 High School chemistry would have explained this in greater detail.

Hence why when aiming to compare a Spodumene vs Mica vs Brine vs Sedimentary deposit utilising a Standard LCE Comparison is advised.

LKE (Kachi) = 4.4Mt LCE
HWK = 0.3Mt LCE

Expand

Not forgetting the target resource below.

Working on average ~325 million tonnes at 1500ppm at 90% recovery would be 2.4 million tonnes LCE.

That’s an average target of a 650% increase to the current resource.

Now what’s the estimated NPV on that at AU$15,000/tonne?

HWK Price at posting: 4.6¢ Sentiment: Buy Disclosure: Held
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