Anyone see that asx Spanish li play yesterday (Disc: Not held) ? 100mt @
0.64% li IN MICA - with a
0.1% cut-off grade.
(Quick scan - but I believe those are the figures)
Somehow they've got an NPV of $860 million from that if they get a hydroxide plant up.
Got a small funding agreement from an EU linked org for their first pilot plant with agreement to facilitate funding for a pilot plant 2 and $300 million hydroxide plant if the two pilot plants work out. So I guess they have to prove their extraction tech works first.
That's how desperate the EU are...
We need a hashtag #AfricanDepositsMatter
We also need our Chair to be in Europe and selling this opportunity ASAP.
He's got runs on the board having been involved in development of several mines including African across multiple commodities.
https://malilithium.com/AlistairCowden.htmlVery happy for someone to set up the hydroxide plant and those jobs in Europe if that secures funding from similar avenues. Between something like that an the African Import/Export bank SURELY we can see a path to development within a few years. I'd love to hear at the AGM what options the Chair is pursuing. Would take Chris back on a high paying contract to oversee setting up the plant too if that is what his consultancy business is all about. He won't be short of options I bet.
(20min delay)