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Ann: Signficant REE Values, Project Footprint Extended Condingup, page-5

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    Something to consider in the near future for Lithium
    Why You DON'T Want to Invest in Lithium Miners
    Perhaps the most overlooked part about lithium supply is that it can be extracted from more than just hard-rock mining.
    You see, lithium is found not just in rock but also in salt flats, or brine. Most people don't realize that lithium brine extraction is by and large the more economical choice.
    Here's the problem: Hard-rock mining can be very expensive. Exploration, development, construction, and actual production costs are extreme — at least compared to brines. If we include the discovery, testing the area for resources, developing the acreage, and actual construction of production equipment, hard-rock mines can cost anywhere upwards of $2 billion.
    Moreover, this process could take between seven and 10 years, which doesn't even include the construction time!
    Now compare this to lithium brine extraction, which can cost between $163 and $314 million. Of course, construction is also far less time-consuming due to the landscape.
    To put it simply, lithium brine is simply less capital-intensive:
    It's all in the name: lithium brines are found in salt flats, which are already surface-level or near surface-level flat lands. And the concentration of lithium is also higher in brines, where water has already separated it from other minerals in the earth.
    It also turns out that two-thirds of global lithium reserves are found in lithium brine deposits.

    https://hotcopper.com.au/data/attachments/5606/5606716-37caab7d6bdf88cf67f5a59290769606.jpg
 
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