"For the first stage (and upon receipt of relevant regulatory approvals and permits), the Company will undertake general test-works to determine the possibility of producing a laboratory scale quantity of lithium carbonate equivalent (LCE) product, which the Company expects will involve the following activities at the Rincon Lithium Project in order to earn the first stage 50% interest:
environmental studies;
brine extraction and storage works, including small-scale pond construction and lining works;
brine processing – involving solar evaporation where the lithium will be concentrated;
analysis and laboratory treatment of the lithium concentrate;
and pending success of the treatment process, production of a laboratory scale quantity of purified LCE product.
Pending successful laboratory scale production at Stage 1, the Company will consider commencing Stage 2 development works with an aim to produce a pilot plant scale quantity of LCE product. For Stage 3, pending successful pilot plant scale production at Stage 2, the Company will consider the best development pathway to ultimately target commercial production from the Project."
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)