A scoping study for a lithium project is a preliminary analysis...

A scoping study for a lithium project is a preliminary analysis of the potential risks and rewards of developing a lithium mine or processing facility. Lithium is a metallic element that is used in a variety of industrial and consumer products, including batteries, ceramics, glass, and pharmaceuticals.
The scoping study will likely involve the review of technical, financial, environmental, and social data related to the proposed project. This may include assessments of the quality and quantity of the lithium deposits, the costs of extracting and processing the lithium, the potential market demand for lithium products, and any regulatory or environmental considerations that may impact the project.
The results of the scoping study will be used to determine the feasibility of the project and to identify any key issues or uncertainties that need to be addressed before the project can proceed. If the scoping study indicates that the project is feasible and potentially profitable, the company may decide to move forward with a more detailed feasibility study or development plan. If the scoping study indicates that the project is not feasible, the company may decide to abandon the project or pursue alternative options.