LJ (Maggie Hays) only contained ~52k tonnes of nickel (indicated and inferred).
MinRes want the processing plant and associated infrastructure - "Lake Johnston is a nickel concentrator plant with a flotation circuit that has front-end capacity of 1.5 million tonnes per annum and is capable of being converted to treat lithium ores, including dense media separation fines.
The asset is licensed to operate to 2041 and has an active groundwater extraction licence. On-site infrastructure includes an airstrip, 200-person camp, electrical infrastructure, workshops and laboratories"
After the above paragraphs, they say it saves them 2 years of time and a butt load of $$$$$. Someone is getting a good deal and it doesn't seem like it is POS but POS will get future exposure to LJ lithium only via 0.75% of FOB lithium.
Good or bad deal ???????????
Ann: Binding Heads of Agreement for the Sale of Lake Johnston, page-24
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