Some interesting stuff in today's AFR re: AKE offering to process lithium for emerging WA producers:
Allkem has extended Mt Cattlin’s mine life to 2027-28 and is considering underground mining options to continue production into next decade. It has also secured tenements adjacent to the Bald Hill lithium mine in WA, which is in the hands of receivers.
A Chinese-backed company has been given until the end of the month to salvage a deal to buy Bald Hill after federal Treasurer Jim Chalmers moved to block the acquisition. Bald Hill is close to Liontown’s Buldania project, the Mineral Resources-operated Mt Marion mine, and other lithium projects in the exploration stage.
Allkem has offered to process lithium ore for emerging producers in WA at its Mt Cattlin operations.
Mr Perez de Solay said the market for WA lithium assets was still red-hot, but there were signs it was starting to balance out.
“We look into opportunities in Australia and you know when the prices were very high about a year ago or so it was impossible to think of doing something because everything that we had in our portfolio looked better than acquiring something,” he said.
“As opportunities start to pop up, and we continue to have our robust balance sheet and our commitment to WA, we will look into opportunities where we can create value.”
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