Lithium Plus (ASX:LPM) is moving forward with crucial regulatory and environmental tasks to advance the development of its Lei Lithium Project, located in the Northern Territory. Lithium Plus is an Australian exploration company focused on discovering and developing lithium, uranium, and rare earth projects. The company aims to develop a future underground lithium mine, and is currently focused on a low capital expenditure direct shipped ore (DSO) operation, where ore is crushed and screened onsite, then transported to port for processing into lithium hydroxide or carbonate at Canmax’s facility in China.
As part of its strategy, Lithium Plus is targeting a near-term development decision on its DSO production strategy in partnership with Canmax Technologies. A formal survey of the proposed mining lease area has been completed, and a supplementary environmental report (SER) is underway. EcOz Environmental Consulting is managing the preparation and submission of the report for the Lei Lithium Project.
Hydrogeological modelling and impact assessments have begun to support the water resource components of the SER. Concurrently, additional studies are set to commence, enabled by a positive notice of decision. The company is also progressing regulatory approvals alongside advanced-stage technical and commercial de-risking activities, ensuring Lei is well-positioned for any future development decision. Lithium Plus has a market capitalisation of $8.36 million.
Executive Chairman Bin Guo stated that the company’s strategy focuses on delivering a high-quality, environmentally responsible lithium project that can be rapidly transitioned into production. Guo added that with experienced partners, the team has a well-advanced economic study that positions them strongly to move swiftly as market conditions strengthen, ensuring the project is ready to capitalise on a lithium market recovery.
