◼ MinRes will solely fund the development and operation of a pilot plant up to the total budgeted cost of A$4.5 million and provide raw materials for the pilot plant at no cost to Lithium Australia, with Lithium Australia to contribute its LieNA® technology
This is the key point of LIT's ANN announcing the MIN joint development agreement 7/8/23. Looks like MIN has completed in conjunction with ANSTO (CSIRO previously) the pilot plant at Lucas Heights. This was on the work schedule 3/4 years ago , Pilot plant started, then abandoned by LIT now picked up by MIN and completed.
that is the Announcement
got to say LIT's first try under the banner of Sileach failed the DFS, with refinements by CSIRO they are trying again and MIN is paying for it.
you have got to hand it to the writer of this ANN. Engineering study sounds better than DFS
LIT Price at posting:
2.0¢ Sentiment: None Disclosure: Not Held
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