Start-up Phase of Mining to Target Higher Lithium Grades to Increase Cashflow in Early Years

Highlights

  • Latest results from the mining study confirm an estimated 92 million tonne mineable quantity based on the lithium-boron (searlesite) South Basin Indicated Resource
  • Commencing mining at southern end of deposit provides significant advantages:
    • Higher lithium grades 
    • Likely to provide higher cashflow in early years
    • Earlier opportunity to back fill thereby reducing mine footprint 
  • Sufficient to support an estimated 30-year mine life with excellent potential to extend
  • Current Mineral Resource is open to the north, south and west and the resource is expected to grow with additional drilling 
  • Drilling program has commenced with two rigs on-site 

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