Plenty of upside in this one IMO, high grade project with 90% recovery, fairly tight register and most of the top 20 are predominately Chinese or have interests in China/Hong Kong.
Pilot plant test work is currently underway in China (37 tonnes of samples) and the concentrate will be used to identify customers and potential off-take agreements, no doubt with the help of a Shanghai based financial management company they use.
Biggest growth area is the lithium-ion battery market (10 times more graphite than lithium in the battery) and as stated at the AGM, they intend to target this area along with the expandable graphite market, flame retardant building materials and graphite foil.
LML Price at posting:
3.2¢ Sentiment: Buy Disclosure: Held
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