Jul 22, 2022 / 01:30AM GMT
Julian Walsh - Lepidico Ltd - Managing Director
So Lepidico is developing a vertically integrated lithium project. We are differentiated from anyone else in the lithium space by virtue of the fact that we're developing lithium mica deposits and taking that through concentrate to a lithium hydroxide. And we are, I think, very advantageously positioned right now with having a complete a feasibility study and being very close to completing front-end engineering and design work.
So I think you've heard quite a lot about the electric vehicle transition here and the energy transition. You can see here the lithium price and how that's accelerated over the course of the last year. We see that this is not going to slow down at all from a demand perspective. I was in Washington recently, and the US government's Department of Energy is now actually predicting that lithium chemical demand will exceed 3 million tonnes by 2030.
Now if you think back about three years, most commentators were close to 1 million tonnes. BMI, Benchmark Mineral Intelligence, is currently at about 2.3 tonnes. So I think we
Lepidico Ltd at Noosa Mining Investor Conference (Virtual) Transcript
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