Copy from the RDR announcement,
Mt Marion PROJECT.
10.5Mt @ 1.4% Li2O.
Will it be the world??s 2nd largest spodumene producer ? how and why? I think now AJM has the same potential, even at 9mt at 1.7% already larger than Mt Marion PROJECT.
Quote from RDR:
Initial output 200,000 tpa of +6% Li2O (chemical grade) ?C Mt Marion will be the world??s 2nd largest spodumene producer
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First shipment March Q 2012
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By-products include mica and tantalum
Lithium carbonate PFS completed by Hatch in 2010 indicating:
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NPV of US$404 million (12% discount) and IRR of 68% providing a <2 year pay back
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Capital cost US$63m (China) - $70m (Malaysia)
Copy from the RDR announcement,Mt Marion PROJECT.10.5Mt @ 1.4%...
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