@dufhaste. A Definitive Feasibility Study for a Sileach plant is...

@dufhaste. A Definitive Feasibility Study for a Sileach plant is a good question on the mind of many investors.

Firstly, a Sileach processing plant has never been built before. So there will always be questions about costs. Thus it is hard to have a good discussion.

We all know that the itemised engineering report outlined the areas of cost savings and plans are being optimised prior to construction. I have faith in engineers and their ability to build processing plants and mines. However, industrial labour disputes and local politics can be a problem in some places around the world.

Ideally, you can NOT have a viable definitive feasibility study UNTIL there is a deal signed for where the Sileach plant is to be built and the lithium resource is quantified (I am not an expert, and correct me if I'm wrong).

Personally, I think LIT's discussions with one or two sites have resulted in very good detailed information with respect to quantifying the available lithium resource. There are various factors involved, such as who is involved as JV partners or license agreements that may influence finance requirements. I am not an expert but think that they can put together a DFS easily once the deal is on the table. They may already be working on a draft DFS?

Plus, someone may be thinking LIT is doing them a favour if the lithium resource is a stock pile of waste material.