Lithium Plus (ASX:LPM) is progressing key regulatory and environmental workstreams to proceed with its development pathway for the Lei Lithium Project in the Northern Territory.
As part of the company’s strategy, Lithium Plus is targeting a near-term development decision on its direct shipped ore (DSO) production strategy in partnership with Canmax Technologies.
The company plans to develop a future underground lithium mine. The current proposal is a low capital expenditure intensive DSO operation, where ore will be crushed and screened onsite, before being transported to port for processing into lithium hydroxide or carbonate at Canmax’s facility in China.
A formal survey of the proposed mining lease area has been completed, while a supplementary environmental report (SER) is in progress. The company engaged EcOz Environmental Consulting to manage the preparation and submission of the report for Lei.
Hydrogeological modelling and impact assessments have begun to support the water resource components of the SER. Concurrently, additional studies are set to begin, which was enabled by a positive notice of decision.
Lithium Plus, which has a market capitalisation of $8.36 million, is also progressing regulatory approvals in parallel with advanced-stage technical and commercial de-risking activities, ensuring Lei is well-positioned for any future development decision.
Executive Chairman Bin Guo says the company’s strategy focuses on delivering a high-quality, environmentally responsible lithium project that can be rapidly transitioned into production.
“Together with our experienced partners, our team now has a well-advanced economic study that positions us strongly to move swiftly as market conditions strengthen, ensuring the project is ready to capitalise on a lithium market recovery,” Guo says.
Lithium Plus is focused on advancing a high-impact portfolio of lithium, uranium, and rare earths projects across tier one jurisdictions.
Write to Aaliyah Rogan at Mining.com.au
Images: Lithium Plus
