Financing is their primary focus now. Plenty of interest from asian companies to participate in equity and financing.
A stage 2 explanation announcement is coming soon. This should give some numbers showing what a combined stage 1 and 2 looks like.
Increase in capex due to increase in cost since 2018 of the raw construction materials. eg a 60% increase in steel, labour costs is up also.
They will be conducting testing soon using the Direct lithium extraction methods and will release results of this once know. (it was hard to hear this point clearly due to the terrible audio at the time)
MOU with Mitsu is still on track, they were waiting on the DFS. Expect a decision within 3-4 months from Mitsu, this was just Crisobels personal opinon.
LPI Price at posting:
69.5¢ Sentiment: Buy Disclosure: Held
