A good Presso, same old news and hype about potential. But with...

A good Presso, same old news and hype about potential. But with comments they have made major progress. The Li space is changed now that China has scrapped two mines

If you really want to see the potential for Li mining and processing hop over to LTR thread and read there. A lot of knowledgeable posters.

Anyway it seems quite sure that spod price is bottomed - and the upside will not be reversed. Also that China constructed the fall by building Lepidolite mines and factories to over supply and crush the price of spod. But in doing so shot themselves in the foot because lepidolite has more deleterious impurities and is more expensive to process. Recent news is they had to close two Lepidolite mines as unprofitable because the product was unsalable.

Now USA will not buy from China or any company with China ownership. Obviously they would rather a wholly USA based production facility.

The stars align for Iris, but can the current Company run the hard and difficult yards to get a major spod6 facility up to speed. Needs huge experience in mining, metallurgy and process plant design. LTR has all that, but don't ask for help - answer will be NO, unless a fast talking director can get a deal inked.
Perhaps a relationship would not be out of the question, and benefits to both.

P15 of the presso states 'Small Batch Production' to commence in Q1 2025 - also that DMS (Dense Media Separation) plant design to commence in Q3.
2025. On page 3 they state

"IRIS is advancing mineral processing studies and early-stage development work in parallel with the ongoing resourcedrilling. Initial heavy liquid separation (HLS) and flotation processing studies are nearing completion, and discussionshave commenced with potential partners for further processing capability to achieve lithium carbonate and/orlithium hydroxide production in the United States"

This suggests to me that DMS is the way they will go - however LTR at Kathleen Valley dismissed DMS for WOF (Whole of Ore Flotation). Of course different ores for different processes. But it is interesting.

Finally just keep in mind that Australia is still the largest supplier of Li feed stock, and from hard rock by streets. So the connection is valuable. Also that Kathleen Valley mine and plant is touted as third gen Li.
First Spod 5,5 shipment is being accumulated at Geraldton Port, and must be shipped by Sept 30 for vessel commitments. Expected up to 60,000 tonnes (the vessel compartment size) so when details are made known (Sept Q Report) much will be known.

Gl all LT holders. Promise was always here, now with a good size resource to come and easy mine permitting we are on our way. Thanks.