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clock Created with Sketch. 06/12/24
15:43
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Originally posted by DEP:
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I had asked at the AGM if CNQ had received the tranche of shares in Lithium Bank due to them upon the successful processing of 100L brine continuously through the pilot plant.and desorption (elution) stages of the process had been continually operated for 100hrs. At the time of the AGM, he stated that only the adsorption stage had been completed. He expected the elution stage to be achieved in around 2 weeks... ie around now. "The Company would also like to comment on disclosure initially made on September 11, 2024, when it announced that a portion of the DLE pilot plant was operating over a period of four and a half days continuously for 120 hours. For clarity, after further audit the plant had an uptime of 95% during this operating period. Furthermore, the audit indicated that a total of 29,000L of brine was put through the adsorption portion of the piloting process and not the previously stated 40,000L of brine". Clearly ambiguous re the adsorption stage. They are saying that the successful 120hr operation reported previously, had operated for 95% of that time. So, if there were a number of interruptions, then it is likely that the 100 hrs continuous specification may not have been met, although Peter appeared to be unaware of this qualification when he answered my question at the AGM.
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Thank you for the clarification of what was said at the AGM.
(20min delay)