IMO, it was a very well presented presentation by Stu. His...

IMO, it was a very well presented presentation by Stu. His personality shining through. My out takes from the presentation below:

OVERVIEW

4 Projects 2200square kms (550, 000 acres)
Kachi, Cauchari, Olaroz & Paso
(NO mention of the Catamarca Pegmatite project throughout the entire presentation interestingly).

Aggressive exploration on the other 3 projects.

Testing the brines with a number of processes

FINANCIALS

Recently secured offtakes with SK & WMC 25,000tpa each with 10% equity investment which helps secure the register & provides approx. $360m AUD to get LKE funded into production. (+LILAC $50m)

Waiting to confirm CAPEX numbers as waiting on DFS.

DFS early 2023.

DEMO PLANT

Plant is commissioned.

Processing Kachi Brines

Waiting on final confirmation that the process is optimised & operating efficiently 24/7.

Samples of concentrate shipped next week or so to USA to convert to LITHIUM CARBONATE

Converted by Salt Works in the USA. (Haven't heard of them before).

PROOF OF CONCEPT TIME from PILOT PLANT to DEMO PLANT.

PFS

25,000 tpa now 50,000 tpa

CAPEX $4178/t USD.

Modelled off $15,500/t (March 2021). Current market price is somewhere near 5x that price. Stu reckons double that by June 2023.

70% funding through UK Export Finance & Canada EDC (Subject to T&C’s being met) at 4% fixed for 8.5 years.

OTHER 3 PROJECTS – Cauchari, Olaroz & Paso

Going to be under Rapid development towards production.

Confident that they can fund these 3 projects if they can get the resources up to where they can take them into production.

Which process & which technology to liberate them out of the brines.

LILAC

LILAC can earn up to MAX 25% of the Kachi Project.

Earned already 10% for benchtop, pilot & demo plant

Another 10% when produce 1000 hrs operation of the plant producing 2.5 tonnes of carbonate sample at around 99.95 spec.

Last 5% when achieves highest agreed qualification standards with certain offtakers.

FOOTPRINT

Kachi Project = 0.5km wide compared to Atacama Projects (SQM/ALB) 15kms wide.

WATER

Fresh Water Usage in single digits.

Generates water when flushes beads with hydrochloric acid, creates LITHIUM CHLORIDE & WATER.

Capture the water, reprocess it & reuse it in the part of the process.

Overall a great update and a little more detail.
Interestingly, no mention of the Catamarca Pegmatite project throughout the entire presentation. I wonder what the plan is for that. (My speculation is that they may drill it to produce a MRE & then sell it off to provide funding to Kachi, especially as a hard rock project).
Who are Salt Works & what service do they provide to enhance the process.