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Sunrise Energy Metals Ltd SREMF

Sunrise Energy Metals Limited is an Australia-based company engaged in the development of its Sunrise Battery Materials Complex (Sunrise Project) in New South Wales (NSW). The Sunrise Project is a supplier of battery raw materials and aluminum-scandium alloys. It is utilizing its Clean-iX resin technology for extraction and purification of a range of metals and progressing exploration activities at its other mineral tenements. Its Clean-iX Continuous Resin-In-Column is a continuous counter-current process that extracts metals from clarified leach solutions. Its Clean-iX Continuous Resin-In-Pulp is a continuous countercurrent process that directly extracts metals from leached pulps. It is advancing activities across its range of exploration assets in NSW. Its limestone exploration includes Hunters (EL9627), EL8883 Meloola and EL8833 Boona Gap, Gleninga South (EL9598) and Gleninga (EL8882). It also focused on rare earth elements exploration, which includes Minore (EL9031 and EL8961).


OTCQX:SREMF - Post by User

Bullboard Posts
Post by splitcoreon Jun 27, 2012 11:45am
368 Views
Post# 20059543

wolverine

wolverine

I suspect the sp will most definitely hinge on one very significant factor that we haven't spent much time discussing.  It's a bit of a 'can of worms' although I don't think CLQ will be food for the worms.

All the current lithium producers and the future ones as well can and will be able to produce lithium carbonate and even achieve a purity to meet the requirements of the battery industry.  BUT!  And the 'but' is.... at what cost?

Most of the lithium brine salts carry unwanted baggage, some of which is very costly to eliminate.  And it takes time to evaporate, and purify both chemically and electrically.  My understanding is that with hard rock lithium, the ramp up to battery grade material is faster, simpler and far less costly, notwithstanding the fact that open-pit mining will be more expensive than pumping brine into evaporation ponds.  So it will come down to the economics for delivery and I think CLQ is the more economical.  AND don't forget 'location, location, location'.

My personal bet is that CLQ will place better than fourth in significance.  But, we'll have to wait for news (soon) from CLQ to get clues.

Bullboard Posts