LJ - a Jewel in the Crown, page-52

In 2017 POS had an MOU with LIT for Lithium processing at LJ -

https://thewest.com.au/business/pub...n-perfect-pairing-with-poseidon-ng-b88599129z

"In what looks to be a perfect pairing, Lithium Australia and Poseidon Nickel have joined forces in a strategic deal that could see Lake Johnston emerge as a hub for the production of Lithium concentrates and downstream processing.
The companies announced this week they had signed a memorandum of understanding to evaluate joint exploration and processing opportunities at Lake Johnston, about 400kms east of Perth.
For Lithium Australia, the deal provides access to Poseidon’s 1.5 million tonne per annum nickel processing plant at Lake Johnston, which was placed on care and maintenance in 2013.
The plant includes 3 ball mills, 2 flotation circuits, multiple thickeners, filters, a large concentrate storage facility and extensive support infrastructure, including a metallurgical laboratory.
Poseidon has completed engineering test work and developed intellectual property for the processing of lithium hosted pegmatites through its existing nickel sulphide concentrator, resulting in the application for several patents lodged by the Company."

POS also had an MOU with KDR to process Li ore at LJ even -

Extract below from the Poseidon Nickel March 2017 Quarterly Report:

“In addition, the Company has continued to work closely with Kidman, supporting the engineering work underway for the processing of Kidman ore at Lake Johnston. Progress is strong and remains positive.”
Lithium is HOT right now.
Get LJ onto the Lithium deposits and processing, that would be a massive tolling revenue raiser.