Nick Herbert
Okay. And just a comment that we had and I think Rahul was mentioning as well maybe in a different context that 3,000 tonne pilot shipment to POSCO. What is that exactly? Is that the shipment that you're sort of -- you're signing up to try to get them as a new customer? Or is that sort of in reference to a potential downstream processing cooperation?
Anthony Tse
Well, is say's pilot, Nick. So there are obviously -- they're working to kind of take out material for the purpose of the pilot facility that they have there. I think it's reasonably common knowledge that they do have an intent to build a downstream conversion facility. Obviously, we've just -- and probably literally the last couple of steps in the final stray in terms of completing a strategic transaction with POSCO on Sal de Vida. So obviously, we have a good -- a very good rapport with them in terms of our relationship and how that transaction went. And yes, we've talked about potential other synergies, whether it's outside of Vida or any other aspects. I mean, POSCO obviously has fairly substantial ambitions, not necessarily so much for the lithium space, the lithium chemical space specifically, but more importantly for the cathode space. So, as you know, they've got a joint venture in Chile. They recently, earlier this year, went into a joint venture with Huayou Cobalt in China on the cathode space as well. In Chile, that joint venture is with Samsung SDI. And in Korea, they obviously have their own plans to kind of build additional cathode capacity. As a result, security of supply in terms of the resource is important for them. And I think there's also a little bit of recognition from POSCO that historically, Galaxy has also built and operated a converter facility in China, which was, at the time, the largest most technologically advanced and highest producing quality. And so I think there's avenues with POSCO subsequent to the completion of the existing transaction that we have in hand to evaluate other potential areas with a further strategic cooperation.
Nick Herbert
Okay. Makes sense. And then just one finally on Sal de Vida. And just sort of wondering if you're thinking has changed there at all in the context of where that sits in your portfolio, and I guess the recent exchanges over there that we've seen. And has you sort of -- and I guess your ideal ultimate equity holding in Sal de Vida, if indeed, a partial sell down of the project is how you finance that? And has that sort of level in your portfolio changed at all and -- versus context of, I guess, deploying more capital into Western Australia or James Bay?
Anthony Tse
No. I would say that our priorities on Sal de Vida have actually accelerated. We've been very encouraged by the JPMorgan process in terms of the level of interactions, but more importantly, the quality of the blue chip partners that we have at the table in terms of the shortlisted investor groups that we've gone into kind of the second round with and we've been very encouraged by, one, the level of interaction and seriousness; and two, the quality of those parties that we're talking to. And they're not necessarily isolated to any kind of one part of the world, so I think we've got a fair representation from different time zones across the globe. I would say that we are very much focused, and as kind of Alan and Brian may have mentioned a little bit earlier, really looking to actually accelerate some of the advancements that we can do on Sal de Vida by way of building probably some of the early or the initial kind of pond area.
