Lithium Plus

[Dave Evans]

04/11/2023
Bin59 Posted

Lithium Plus / CATL / Yibin Tianya friendly association?)​

Lithium Plus Minerals sends off Lei lithium samples to CATL-led lab for metallurgical testing​

ASX News, Materials​

• Lithium Plus Minerals (ASX:LPM) sends off spodumene samples to a Chinese lab run in part by CATL
• CATL, a Chinese battery chemicals behemoth, runs the lab alongside Canmax
• Canmax is listed on the Shenzhen Exchange, not unlike China’s NASDAQ
• Drilling continues at the Lei project in the Northern Territory
• The company will publish a maiden resource before the end of CY2023
• Shares last traded at 48.5 cents

Lithium Plus (ASX:LPM) has sent off lithium ore samples from its flagship Lei project to a metallurgy lab led in part by Chinese EV and battery chemicals giant CATL.

The Yibin Tianyi Lithium Industry Co will work with materials plucked from diamond drill hole BYDD004.

The lab is run between CATL and Shenzhen-listed Canmax Technologies.

The Shenzhen exchange acts something like the Chinese NASDAQ, with heavy exposure to tech companies.

Management comment​

“This metallurgical test work program is an important step in the advancement of the Bynoe Lithium Project towards future production,” LPM Executive Chair Dr Bin Guo said.

“Our primary goal is to confirm the properties of spodumene from our Lei Discovery which will allow for the design of a mineral processing flowsheet to produce a marketable concentrate.”

In the meantime, Guo flagged that the company continues to run the rigs at its Lei project in the Northern Territory.

Once a maiden resource is published, the company will turn its attention to the Perseverance asset.

Maiden resource incoming​

In the background, the company remains on track to a maiden high-grade lithium resource before the end of CY2023.

The company previously highlighted a 13-metre thick intersection grading at 1.36 per cent lithium from a hard rock target.

A second intersection came in at 81 metres thick grading at 1.59 per cent lithium.

Earlier in the month the company also reported a 94 metre thick intersection.

While depths were considerable – some at over 600 metres below surface – the company’s chief expressed confidencein the company’s overall trajectory at the MiningNews Select Conference in Perth back in September.

LPM shares last traded at 48.5 cents.

 

[Dave Evans]

04/11/2023



Interesting that Lithium Plus is in the headlines for having the highest drill results recently. Won’t do Bin Guo’s reputation any good being a substantial holder of AVZ and conspiring with Leonard Math to offer the Fat Tail (MMGA) group millions of shares in secret to try and take over AVZ’s Board of Directors

 

[Dave Evans]

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[Xerof]

Pretty interesting tensions inferred here. Lithium Plus PTY, a sleeper for CATL, therefore CATH, and YIBIN, now seemingly secretly siding with the clowns, who are with Cong, Zijin and COMINIERE

What to do cunts?

How embarrassing

Voting will be instructive, if they all gang up, and lose this attack, it’s game over for any sort of collaboration going forward?