LPD is commencing permitting for a Phase 1 L-Max plant project. They are on schedule to select the location of the first commercial L-Max plant in the December 2017 quarter.
This is also good news for LIT (LIT has 3 L-Max licences and 15% holding in LPD). It can provide a proof of concept and greater industry involvement to move into building L-Max projects for LIT.
A location for a SiLeach processing plant is also due to be announced soon. Hence it could be an interesting few months ahead for LIT. It could possibly be a good Xmas for both LIT and LPD holders!!!
LIT Price at posting:
13.0¢ Sentiment: Buy Disclosure: Held
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