RE:RE:RE:RE:Lithium - Economics PLU is not a bribe deposit but grades are very competitive <br /> with the best brine plays in Argintina. Resource size to date<br /> is mind blowing . Tier 1 world class..Cost of extraction may be<br /> a bit more expensive but no uncertainties (contamination)<br /> <br /> following clip says it all and this was months ago. <br /> <br /> <p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden; line-height: 1.7em; caret-color: rgb(125, 125, 123); color: rgb(125, 125, 123); font-family: "Open Sans", Helvetica, Arial, sans-serif; font-size: 13px;"> <strong style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">Plateau’s Macusani Project is now one of the world’s largest undeveloped uranium-lithium districts.</strong> It is a unique, shallow, volcanic-hosted supergene deposit in a mining-friendly jurisdiction and close to excellent infrastructure (that includes the Interoceanic Highway). It has access to labour, water and cheap hydro-electric power. Less than 15% of the 910km<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">2</span> consolidated land package has been drilled, with a NI43-101 resource from March 2016 of 124Mlb U<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">3</span>O<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">8</span> and 176,000t Li<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">2</span>O. The January 2016 PEA at US$50/lb U<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">3</span>O<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">8</span> showed an NPV<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">8</span> of US$603m, an IRR of 40.6% and a post-tax capital payback of 1.8 years. Proposed production would be 6Mlb pa U<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">3</span>O<span style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">8</span>over a ten-year mine life. As commented, the current LoM cash production cost is at US$17.28/lb, with an initial capital cost around US$300m.</p> <p style="margin: 0px 0px 20px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden; line-height: 1.7em; caret-color: rgb(125, 125, 123); color: rgb(125, 125, 123); font-family: "Open Sans", Helvetica, Arial, sans-serif; font-size: 13px;"> <strong style="margin: 0px; padding: 0px; border: 0px; vertical-align: baseline; background-color: transparent; -webkit-backface-visibility: hidden;">Although Macusani started life as a pure uranium story, recent results have meant that the importance of lithium has increased significantly.</strong> By focusing test work on the Falchani area, Plateau will develop the lithium angle to the project more strongly. The key to what it has found so far is the extremely high recoveries; these will go a long way to making the lithium — like the uranium — extremely low cost to extract. There is plenty of work ongoing, so we can expect a lot more newsflow over the coming weeks and months. Please let us know if you’d like a meeting with Ian.<br /> <br /> supergene is a unique deposit hence the ongoing work<br /> being done to prove up extraction and economics .it will<br /> be low cost . Resource size couplewith sporadic but<br /> measureable high grade u308 asa credit should actually<br /> have it as the lowest cost producer with consistantky<br /> high grade materials. Resource being wide open in every <br /> direction including depth suggest this IS THe WORLDS <br /> largest known deposit to date...<br /> <br /> <br /> </p>