Ann: iTech and SQM to Develop Reynolds Range Lithium Project, page-13

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22/11/24

09:54

Post #: 76726403
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Originally posted by Tizard: ↑

Maybe someone can clarify
In Highlights
Bullet point 2
Subject to a short due diligence period, SQM can earn into the lithium
mineral rights on the Reynolds Range Lithium Project (iTech retains
100% of the rights to all other minerals including copper and gold).In Details of the Earn-in Agreement
Bullet point 3

Lithium mineral rights apply to lithium and lithium bearing pegmatite ore located within or mined
from the Tenements, including associated minerals contained within lithium bearing pegmatite
ores therein including but not limited to Li, Sn, Ta, Nb, Cs, Be, U, rare earth elements and
gemstones and any other minerals occurring in conjunction with lithium-bearing pegmatites
which cannot be economically recovered without the recovery of lithium.Is that contradictory or is that how these agreements work?

Expand

This is normal and nothing to worry about, those other elements (second paragraph) are typically associated in lithium bearing pematites so SQM needs to retain the rights to extract those minerals otherwise they won't be able to extract the main ore component which is Li etc. Cheers, CP.

ITM Price at posting: 6.6¢ Sentiment: Buy Disclosure: Held
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Ann: iTech and SQM to Develop Reynolds Range Lithium Project, page-13

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