No Production Until 2027...... If Ever, page-1102

Morning @sqe

I am not sure why the fanbois would seek to shut down any conversation that analyses Lakes numbers (or lack thereof) Isn't that what HotCopper is all about at the end of the day ?

I expect a number of variables will need updating in the DFS:
- Feed grade will decrease from 250mg/L to 202mg/L
- Company needs to detail where the reject brine will go, if it is deposited back in the same aquifer to maintain water levels for the waterbirds (A likely conditional requirement of the ESIA), this will only dilute the resource over time
- Lilacs recovery rate will decrease by 0.5% for each 1% drop in feed grade below 250mg/L i.e. a 202mg/L resource may only have a 56% recovery from brine to chloride

That being said and if I am to take the PFS figures as gospel and ignore reality:

The company in the 2020/2021 PFS's assumed an OVERALL RECOVERY rate of 83.2%. If Lilac are now proving an ~80% for Brine to Chloride, this would need a 100% Recovery from Chloride to Brine........

In Simple Terms the PFS Stated:

Total Extract Brine p.a = 23GL/pa (Not Mr 3.3GL/pa)
Average Grade = 250mg/L

23,000 x 0.250 = 5750

5750 x 5.32 = 30,600 (Lithium to LCE Conversion)

30,600 x 0.832 = 25,450ktpa