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The initial stage achieved 93.1% lithium recovery with a concentrator grade of 5.5%, which Greenaway described as a remarkable achievement. These results will contribute significantly to the upcoming preliminary economic assessment (PEA) and definitive feasibility study (DFS) for the project, he added.
The straightforward and cost-effective DMS processing method positively impacts capital costs, potentially leading to a quicker build time and production commencement in 2026.
Greenaway emphasizes continuous resource expansion through drilling and bulk test work to enhance the current 45 million-ton resource.
The PEA is nearing completion, with a release expected in September. The data will provide investors with concrete figures on capex, opex, and cash flow, bolstering confidence in the project's value. As
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