" Lithium Power Internationalis proposing a plan to spin-off its Western Australian lithium development business in a new company on the Australian Securities Exchange, fitting neatly into this trend. Subject to regulatory approvals, a prospectus for a new ASX listing will soon be issued. The funds raised will enable work to be sped up on its development projects, one of which adjoins the world leading Talison lithium mine. This will focus LPI on its Maricunga lithium project in Chile, with its post-tax NPV of $1.4bn. Financing negotiations are currently being finalised before development of the project commences, with Mitsu advancing on its internal processes related to the previously announced non-binding Memorandum of Understanding. LPI has also received unsolicited approaches from other interested parties, attracted to the solid financials associated with the Maricunga project, which include options for production off-take.
