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The Lithium Supplement 2010: Reed Resources
July 27, 2010 - 00:00 GMT
KEYWORDS:
Lithium supplement
,
Chris Reed
,
Mt Marion
,
spodumene
,
Australia
IM talks with Chris Reed, managing director of Reed Resources Ltd, on its Mt Marion spodumene project, establishing a lithium carbonate plant in Asia, and supply-side competition
Chris Reed: The j-v partners have committed to developing the project, we have received permission to clear land for mining and construction, and we expect mining approvals early next Q3 2010 and are on track for production of concentrates by 31 December 2010. Considering we optioned the project last August, it’s been a busy year.
IM: You recently announced a plan to locate a lithium carbonate plant in Malaysia or China. How important is producing the final lithium carbonate product to your business plan?
CR: Like most things, the further downstream you are able to take a raw material, the greater the return. Being a public company, it is the directors’ responsibility to provide the greatest...
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Euromoney Institutional Investor PLC.
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