Steve has just finished his presentation and Q&A session.
Here are some points discussed:
- Aspirational target of LKE is to mine 100 ktpa LCE from their projects.
- They plan to build other factory building next to the ones already in the 3D model of Kachi, this plan will be finalised in the coming weeks.
- If I understood well, they use the California pilot plant to feed into the Kachi DFS, please if anyone else followed the presentation correct me if I'm wrong.
- Detailed timeline on Kachi pilot plant is coming out soon.
- LKE intend to announce 1 off take partner before the DFS and 1 other off take partner after.
- The off take discussions are getting now more serious (my feeling is that pricing is getting nearer to where Steve would like it to be).
- Pricing would be rise and fall, and would consider previous quarter's benchmark pricing.
- Some money might come from the off take partners earlier, I guess this means that some kind of pre payment option from the off take partners is on the table.
- The off take partners liked the doubling of the planned Kachi project production and became even more interested.
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MD presenting on SC Webinar TOMORROW 12:30pm!, page-2
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