It was, at the time, an feed stock resource agreement for Phase 1 plant, which will probably be in Canada.
Pioneer – Lepidico Joint Venture at PEG009 On 23 February, 2017 Pioneer announced a Farm-in Agreement (“JV”) with Lepidico Ltd for the PEG009 Prospect at the Company’s Pioneer Dome LCT Pegmatite Project in the Eastern Goldfields of Western Australia. Under the JV terms Lepidico may earn a 75% interest in Lepidolite mineralisation at the PEG009 Prospect by delineating at least 500,000 tonnes of mineralisation grading at least 1.2% Li2O in lepidolite within 2 years. This is considered sufficient to feed a proposed Phase 1 L-Max® Plant for 5 years. The JV is restricted to lepidolite and minerals able to be treated by the L-Max ® process sourced from the PEG009 Prospect only.
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