LITHIUM MARKET
LITHIUM MARKET
EV MARKET
ESG
LITHIUM PRICES ARE SURGING
Low-cost sedimentary extraction to take advantage
Industry leading sedimentary Lithium peer advantages
- Shallow, low-cost mining
- Minimal requirement for crushing / grinding
- Scale to support long mine life
- Lithium mineralisation hosted by sediments deposited in a N-S oriented basin.
- Lithium mineralised sediments, up to 50m in thickness are covered by a thin veneer of transported colluvium (5-10m thick).
Lithium Deposit Types |
Estimated Cost (Li2CO3) |
Mine Product |
Mine Product |
Production Steps |
SEDIMENTARY |
~ $4,000/t | Lithium Carbonate /Hydroxide | 1,000-3,000 ppm Li | Mining, Leaching, Evaporation & Crystallization |
BRINE |
$2,500 – $4,000/t | Lithium Carbonate (Li2CO3) | 500-1,000 ppm Li | Pumping of Brine Evaporation & Crystallization |
HARDROCK |
$6,000/t | Spodumene Concentrate (6% Li2O) | 4,500-7,000 ppm Li | Mining Crushing & Grinding Roasting Acidification |
Lithium Deposit Types |
Estimated Cost (Li2CO3) |
SEDIMENTARY |
~ $4,000/t |
BRINE |
$2,500 – $4,000/t |
HARDROCK |
$6,000/t |
Mine Product |
Mine Product |
Production Steps |
Lithium Carbonate /Hydroxide | 1,000-3,000 ppm Li | Mining, Leaching, Evaporation & Crystallization |
Lithium Carbonate (Li2CO3) | 500-1,000 ppm Li | Pumping of Brine Evaporation & Crystallization |
Spodumene Concentrate (6% Li2O) | 4,500-7,000 ppm Li | Mining Crushing & Grinding Roasting Acidification |


“LITHIUM MARKET NOW IN PERPETUAL DEFICIT” – MACQUARIE, 2021
- Incorporating the demand from Electric Vehicles and Energy Storage Systems, Macquarie analysts believe that the additional demand will more than offset additional supply from new entrants
- Lithium deficit falls in 2024, as new projects come online, but without further investment will expand again in 2027
- Higher lithium prices from a market deficit would counteract the cost reductions in battery packs
- Additional supply is required to balance the market

THE ELECTRIC VEHICLE MARKET
Rapidly growing demand driven by the energy transition
+500
EV MODELS GLOBALLY BY 2022
Automakers are accelerating their EV launch plans, partly to comply with increasingly stringent regulations in Europe & China.
“We will not stop until every car on the road is electric”
Elon Musk, Tesla CEO
