LKE towards TOP-5, page-23439

"that use far less water"

That's the only real benefit of going with Lilac isn't it Mozza.

- Kachi is a low grade asset, isolated, remote
- LKE, via DD, have fleshed out a management team from an Oil'n'Gas background. No lithium expertise in sight
- LKE have selected Lilac for their DLE. LKE don't own the process. LKE have handed over 20% of the Kachi project to Lilac in exchange for the rights to use their process.
- LKE is currently Lilac's only suitor
- Lilac currently does not have a facility to produce beads at commercial quantities
- Kachi is remote and the closest grid infrastructure is 300km away
- The Kachi project has the highest CAPEX per tonne on the planet
- Now that LKE have handed over 20% of the Kachi project, they cannot renege on the deal and choose an alternate DLE process which is more efficient and less costly
- The status of LKE's other tenements are at a "Application" stage only.
- Earliest lithium production 2028 (assuming everything goes to plan)


But at least they theoretically use less water hey Mozza.