“The joint venturers expect to mobilise a processing plant and related equipment with a production rate of 17,000 tonnes per month of more than 6.5 per cent lithium oxide concentrate in 2010, subject to a decision to mine and obtaining all necessary approvals,” Reed Resources said.
Reed Resources’ managing director Chris Reed said the project had significant potential and offered the company the opportunity to become a major participant in the world lithium market.
Lithium is in high demand due to its use in batteries for hybrid/electric vehicles.