Lithium Universe

Quarterly Activities/Appendix 5B Cash Flow Report

Lithium Universe Limited (“Lithium Universe”, the “Company” or ASX: “LU7”) is pleased to present its Quarterly Activities and Cash Flow Report.


HIGHLIGHTS

Appointment of Hatch for Lithium Carbonate Plant Engineering Study

  • Hatch Ltd appointed Lithium Carbonate Engineering Study Manager
  • Study focus is 16,000 tpa battery grade lithium carbonate plant
  • Multi disciplinary engineering group with extensive lithium experience
  • Hatch designed and built the 17,000 tpa Jiangsu Lithium Carbonate Plant for Galaxy
  • Under the leadership of Dr Jingyuan Liu and John Loxton
  • Part of the Quebec Lithium Processing Hub (QLPH) Strategy

Hatch Completion of Location Study for Lithium Carbonate Refinery

  • Completed a location study for the optimal Lithium Carbonate Refinery site
  • 16,000 tonne per annum battery-grade lithium carbonate refinery
  • Bécancour Industrial Park most favoured between Québec City and Montreal
  • Commenced discussions with the industrial park

LU7 Bolsters North American Operational Experience

  • Appointment of Ms Victoria Vargas, as Director to its subsidiary, Lithium Universe (Holdings) Ltd (Canada)
  • 25 years of experience within North American capital markets
  • Extensive experience across the mining and minerals industry
LU7 Expands Presence with New Office in Montreal
  • Strategically expanding presence in Québec
  • Centrally Located near engineering partners HATCH and Primero Group

Outstanding Progress on QLPH Concentrator Engineering Study

  • Primero's outstanding progress in QLPH concentrator engineering study
  • Impressive pace and quality surpasses industry norms
  • Based on Mt Cattlin design and supervised by Lithium Dream Team
  • Key deliverables: Block Flow and Process Flow Diagrams, Mass Balance, Process Design Criteria

Lithium Universe Meeting with Quebec Government to Share Strategy

  • LU7 meets with Québec Government
  • Minister of Economics, Innovation and Energy, Pierre Fitzgibbon
  • Hubert Bolduc, President, Investissement Québec International

Excellent Progress of Lithium Carbonate Refinery Engineering Study

  • Hatch's outstanding progress in QLPH Li Carb Refinery engineering study
  • Finalisation of design flow sheet and draft site layout
  • Completion of Block Flow Diagram (BFD) and Process Flow Diagrams (PFD) and Mass Balance along with Process Design Criteria (PDC)
Apollo Lithium Project Summer/Fall Exploration Completed
  • Completion of summer/fall exploration campaign
  • Final soil laboratory analysis received
  • Drilling strategy for 2024 along a major east-west trending fault shear corridor feature
  • Feature extends from Apollo project to Winsome Resources Limited's Adina Lithium project to the east
  • Priority drill targets generated for 2024 drilling campaign

Click here for the full ASX Release

This article includes content from Lithium Universe Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.

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