JV Partner LIT’s Global Lithium Domination PlansI've copied & pasted the Alix specific information, but please take a look at the full article particularly regarding LIT's tech processing breakthrough: SiLeach and why it could transform the entire lithium industry. eg
"LIT has demonstrated it can produce lithium carbonate to 99.57% purity – just the thing lithium-ion battery producers need as they look to ramp up production over the coming years, on the back of a surge in electric cars and home battery power storage. "
"Critically, LIT’s process is cheap and its targeting production costs of around $2000/tonne while market prices continue marching north, currently at $22,000/tonne. Given the current lay of the land in lithium, LIT has a good chance of seeing strong operating margins when it enters production."
FINALISED: 27-05-16 PUBLISHED: 27-05-16
Electra Project in Mexico
The Electra Project is a farm-in and JV deal with Canadian explorer Alix Resources (TSX:AIX) which allows LIT to acquire up to 65% of the project. In fact, LIT has already acquired 25%.
LIT expects to put its SiLeach process to the test here and given the close proximity to Tesla’s giga-factory in Nevada, this acquisition means LIT is well placed close to the point of huge lithium demand on the back of Tesla.
As you can see, LIT and Alix have snagged a couple of highly prospective tenements, directly adjacent to Baconora Minerals (CVE:BCN), a CAD$163MN lithium explorer further along in its development.
LIT and Alix are hoping to emulate BCN’s progress (and valuation) with BCN going from $0.50 per share and a valuation of $50MN to $1.63 per share today, and a valuation of $163MN.
The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.
The next step is to conduct as much exploration as possible in the coming months, in order to prove up a significant resource at high grades.
The good news is that LIT and Alix got the ball moving last month, with results expected to come shortly.
PLEASE TAKE A LOOK AT FULL ARTICLE BELOW:
https://www.nextminingboom.com/lits-global-lithium-domination-plans-full-swing/?utm_campaign=LIT-UA6&utm_source=twitter.com&utm_medium=social&utm_content=20160527