<div class="jl-con1"><p><span style="font-size: 18px;">The Poorest Feedstock, with the Simplest Process</span></p><p><span style="font-size: 14px;"><br/></span></p><p style="text-align: center;"><img src="/upload/image/2023-10/1698578149722642.png" title="1698578149722642.png" alt="Picture6.png"/></p></div><div class="jl-imgbox1"><br/></div><div class="jl-con1"><div class="tit"><span style="font-size: 18px;">A New World of Infinite Lithium Supply</span></div></div><ul class="jl-list2 list-paddingleft-2"><li><div class="pic"><img src="/upload/image/2023-11/1701008630640328.png" alt="010.png" title="1701008630640328.png"/></div></li><li><div class="pic"><img src="/upload/image/2023-11/1701008642255845.png" alt="011.png" title="1701008642255845.png"/></div></li><li><div class="pic"><img src="/upload/image/2023-11/1701008654916713.png" alt="012.png" title="1701008654916713.png"/></div></li></ul><div class="jl-con1"><div class="desc"><p>Existing documented lithium reserves of 20 million tonnes, with current extraction yields of less than 50%, imply that global lithium reserves could be depleted sooner than expected. <span style="font-weight: lighter;">Our ability to economically extract lithium from low-grade geothermal and oilfield brines opens a new world of lithium resource, with production cost sitting comfortably between 1st - 2nd quartile of global lithium cost curve, depending on the grade of the brine feedstock.</span></p><br/><p>It is estimated that > 10 billion tonnes of produced water from oilfields available per annum<sup>1</sup>, with concentration ranging from 10-200ppm of Li confirmed in USGS and GLJ publications. <span style="font-weight: lighter;">We are testing samples provided to us by a major energy producer, which confirms reasonably high lithium and low magnesium content suitable for LiHyTech extraction. </span><span style="font-weight: lighter;">Without a single dollar of capex going into drilling, 10 billion tonnes of oilfield brine translate to potentially ~2.5 million tonnes LCE of annual petrolithium production, assuming an average grade of 50ppm and 95% recovery. </span><span style="font-weight: lighter;">Many more suspended oilwells with high water-cut and high lithium content can be brought back to production solely to produce lithium, with little capital investment. </span></p><br/><p>An additional >5 billion tonnes per annum of brine production from desalination and geothermal groundwater is extractable, with a majority of them in MENA region<sup>2</sup>. If fully utilized, would translate to another ~1 million tonnes of annual LCE production.</p><br/><br/></div><div class="desc2"><p><span style="font-size: 12px;">1. Produced water treatment technologies. International Journal of Low-Carbon Technologies (2012)</span></p><p><span style="font-size: 12px;">2. The state of desalination and brine production: A global outlook. Science of The Total Environment (2019）</span></p></div></div>
