All the big names are using evap ponds. Cheap. Proven. LEL,...

All the big names are using evap ponds. Cheap. Proven.

LEL, unlike other small caps, have the required area to hold the ponds.

The ponds can be done first, filled them up, by the time you build the processing plant (18-24 months), the brine is already concentrated in the ponds to hit the processing plant from day 1. So no delays.

There are a lot of restrictions for DLE, but main ones are opex, unproven long term opex, and reinjection of brine contaminated with chemicals in the aquifer. It might be ok for small operations.

Below is current pond size (from Allkem) overlapped into LEL tenement. This size of ponds cater for 24,000 tn LCE per year. By the road, by the gas line, by the power line.

Pristine location. Resource size confirmed at 2M tn, 3M tn, or 4M tn or thereabouts and this project is a company maker by LEL, or whoever takes over this concession at the right price.