CXO 3.33% 15.5¢ core lithium ltd

Yes a company called Energy Renaissance which is part owned by...

  1. 11,479 Posts.
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    Yes a company called Energy Renaissance which is part owned by UGL is opening a lithium-ion battery factory in Darwin . UGL is owned by CIMIC which is a behemoth with a market cap of around $12 billion ! Importantly I believe they will have done their homework carefully and have confidence in the lithium potential of the Finnis pegmatites . Surely if they were going to use WA pegmatites as feedstock for their plant they would have built it in WA....instead they are building the factory in Darwin ! A huge advantage to CXO who have the largest acreage of pegmatites in the NT . I will elaborate further on my thoughts on the weekend
    Last edited by john435: 23/06/17
 
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