@Squadger, thanks for the posting.
The numbers look good and having a second look.
The validation of Sileach by ANSTO and the itemised engineering report has got the large scale demonstration processing plant well on the road to commercialisation.
ANSTO has validated another lithium extraction process from brine and Enegri Group built a large scale pilot demonstration processing plant Argentina recently. The links below should be interesting:
http://im-mining.com/2017/05/31/eni...um-carbonate-product-dxp-demonstration-plant/
https://www.lsclithium.com/about/strategic-cooperation-with-enirgi-group/default.aspx
This game-changing lithium processing technology was developed with the assistance of ANSTO to help find solutions to technical problems. However, it only applies to unconcentrated lithium brine sources found mostly in South America, and is not a competitor to Sileach or L-max that are used for hard rock lithium sources.
This is a good example of how quickly things can progress.
Lithium buyers want a diversity of supply sources and it looks like more good news soon for LIT investors.
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