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ASX Lithium next door to Tesla Factory USA, page-21

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    Hi Chris, just wondering if you could help me clarify something in the calcs. In order to calculate lithium carbonate, firstly you need to convert Li (ppm) to metal. But to do that you need to know the brine density. I managed to find this in the 11 May 2020 announcement:
    https://hotcopper.com.au/data/attachments/2876/2876191-50089ed87ab4cc3639cb3b9fb8cf347e.jpg
    Therefore 173ppm (indicated + inferred for clastic 31) = 216.25 mg/l (assuming density of 1.25).

    This is only the metal, not the carbonate. So to convert from Li to LCE you need to multiple 216.25 mg/l by 5.32 = 1,150.45 mg/l brine to lithium carbonate. Clastic zone 31 has 102,000 tonnes of LCE.

    Am I on the right track? Thanks
 
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