PMT has confirmed that battery grade Lithium Hydroxide can be produced from a sample of CV Pegmatite spodumene. The test work converted CV5 ore to a 6.2% Li2O spodumene concentrate using a simple DMS process flowsheet. Confirming battery-grade Lithium Hydroxide Monohydrate is a key de-risking event for PMT and should enable discussions with potential strategic partners to advance. The Feasibility Study and maiden Ore Reserve Estimates are key near-term catalysts for PMT. We continue to believe Shaakichiuwaanaan’s scale and development potential as attractive, both as a standalone development and to potential acquirers. We reiterate our BUY rating on PMT/PMET. Our ASX price target is unchanged at A$1.00 but we lower our TSX target 3% to A$9.00 after incorporating spot price moves and slightly higher equity dilution due to the rise in the share price.
To access the full report please log in under the Research Portal at the bottom of this page.
Argonaut’s Research Portal allows you to access Argonaut’s wealth of Research, as well as view descriptions of the Morning Note, companies covered and the team.
If you would like to access our research please contact us to create an account.
