Found this in the Investor Presentation Deck of Calix Ltd. JV...

Found this in the Investor Presentation Deck of Calix Ltd. JV between PLS and Calix appears nearing finalization.

Full Documentation is in essentially final form for lithium processing JV with Pilbara Minerals (ASXLS).
KEY TERMS OF JV
• Innovative midstream refining process utilising Calix’s patented calcination technology to
produce lithium salts for sale globally.
• Establish a demonstration plant JV at Pilbara Minerals’ Pilgangoora Project.
• Participating interests: 55% Pilbara Minerals and 45% Calix.
• Each party funding their share of operating and capital costs and licensing their technology
into the JV.
• Calix receives 10% carry by Pilbara Minerals on budgeted estimated construction costs for
the demonstration plant in return for Calix providing an exclusive, worldwide, royalty free
licence for its innovative calciner technology to the Joint Venture for lithium processing
applications.
• Demonstration plant targeting 3,000 tonnes per annum lithium salt (phosphate) capacity,
final investment decision targeted mid-2023, commissioning targeted late 2024/early
2025.
• Demonstrates the potential future commercialisation of the process to the global
spodumene industry.
Notes:
1. Pilgangoora “Mid-stream Project Scoping Study” – Lycopodium Minerals, Pilbara Minerals Limited and Calix Limited, May 2022.
2. Trading Economics https://tradingeconomics.com/commodity/lithium as at 17 October 2022 @ 0.14 Yuan / USD = ~$US74,610 per tonne Lithium Carbonate (LCE). Assumed Lithium Phosphate price = 85% LCE
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