Lithium Universe makes “outstanding” engineering study progress

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(NewsDirect)

Lithium Universe Ltd (ASX:LU7) CEO Alex Hanly tells Proactive that outstanding progress is being made on an engineering study undertaken by Primero Group Limited on the company’s Québec Lithium Processing Hub (QLPH) standalone multi-purpose concentrator. He says finalising equipment specifications and data sheets represents the next step allowing the company to approach suppliers for firm pricing. The concentrator will have a 1 million tonnes per annum processing rate with an assumed feed grade of 1.1% lithium. Primero expects the output to be around 140,000 tonnes per annum of spodumene concentrate at a grade of around 5.5% to maximise recoveries.

“Considering our listing in early August this year, the pace and quality of work demonstrated by Primero, guided by the company's 'Lithium Dream Team', has been truly remarkable,” chairman Iggy Tan said. “Most companies conducting a study of this calibre typically take at least six to nine months to reach this point."

“Looking ahead, finalising equipment specifications and data sheets represents the next step, enabling us to approach suppliers for concrete pricing."