.MRLMinRes has put its lithium cards on the table amid talks that it is looking at a spodumene spinout mining resources listing BatteryMetals criticalminerals battery
PERTH – ASX-listed Mineral Resources is hoping to produce up to 118 000 t/y of lithium hydroxide within the next five years.
MinRes told investors that the A$120-million two-stage expansion of Mt Marion to 900 000 t/y mixed grade was on track for December, while Train 3 at Wodgina was nearing the commissioning stage. A decision to construct Train 4 was expected in the near term, the company added.The production target follows MinRes in early September confirming that it was considering the potential listing of its lithium business, as part of efforts to evaluate various strategic options to maximise shareholder value.
The company announced that Wodgina had an indicated and inferred mineral resource of 259.2-million, and 1.17% lithium oxide, and an ore reserve of 147-million tonnes at 1.2% lithium oxide.
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