DLI 4.17% 23.0¢ delta lithium limited

Ann: Delta acquires LCT Mineral Rights at the Lyons River Project, page-9

  1. 652 Posts.
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    @dazthemiller@RobP111 - I had similar thoughts re: the timeframes. Publish an Initially smaller MRE, use this to inform and progress other pre-mining processes, get mining quick and in parallel continue to update the MRE as they extend the drilling.

    I think it was the LTR AGM where it was noted that a number of Financial analysts had estimated more Li supply would come online in CY 24 - 25 and this would impact the market pricing. Specific examples were given where companies originally targeting these dates to commence shipping ore would no longer meet these (some by 3+ years).

    MinRes have/ had probably being mulling over this potential supply gap as well (and it's probably been a key piece of information in them acquiring their stake in DLI so quickly). If we can supply ore to their yet to be published grand plan and do it during a period of escalating price pressure, it would look like genius! And should be considerably profitable.


 
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