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Infinity Lithium (ASX:INF) discusses European lithium market and progressing technical studies

ASX News, From the Floor, The Market Online Thematica
ASX:INF      MCAP $25.44M
25 August 2023 12:19 (AEST)

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Mitchell Tinley:

From The Floor at The Market Herald and HotCopper’s Still in the Lead: Lithium’s Place in the Green Energy Transition.

I’m joined now by Infinity Lithium’s (INF) Ryan Parkin. You were on stage, first of all – great presentation. How does it feel to get your message across to everyone that was involved?

Ryan Parkin:

Yeah, look. Thanks a lot, Mitchell. I mean, it’s been a great forum for us.

You know, I really enjoyed the layout – obviously a great attendance online as well by the streaming. So look, you know, I’m sure it’s something we want to do again and I’ve really enjoyed working with the team.

Mitchell Tinley:

Is it important for the company to get out and really let everyone know the message and the direction that the company’s going?

Ryan Parkin:

Yeah, look, I think the format of these events is really important to us. I think the ability to reach a wider audience as well from our existing shareholders, and really being part of a lithium day really helps to bring the message home.

Mitchell Tinley:

Now, what was your key message? If all the investors or anyone that was here walked away, what’s the one thing you want them to take away from Infinity Lithium?

Ryan Parkin:

Well, I mean this is all about lithium chemical conversion, so we talk a lot about resources but the ability to convert that to the essential chemicals is really key. We’re in a European market that’s going to need enormous volumes, so you know ultimately that’s where we’re focused and really looking forward to the ride ahead from here.

Mitchell Tinley:

And the best question is, what’s next?

Ryan Parkin:

Well, what’s next for us, we’re going to be in the country for a month shortly, we’re now actively progressing with our technical studies and we’ll be lodging our mining licence application later this year.

Mitchell Tinley:

Are you starting to sort of know who is kind of on your side or kind of a bit competitive in the industry?

Ryan Parkin:

Well, look, you know, I think that’s the beauty of the lithium space, there’s going to be such a, I guess, a supply deficiency, you know, they’re going to need every gram of battery-grade lithium chemicals they can get. So I think it’s all, you know, fairly amicable, we’re all competing in the same space but yes, we’re all shooting to the same goal.

Mitchell Tinley:

Well that is the actual one question I wanted to ask, I’ve asked this before, but do you think there’s enough for everyone?

Ryan Parkin:

Oh yeah, look I mean absolutely and I think it’s really carving out key markets. So you’ve seen the IRA, you know, really focused on North America and a lot of resource allocated to there and where we’re focused in Europe, you know, there are very few lithium resources in that space. So look, you know, we’re all shooting to the same goal and Europe’s going to be critically short over the short to mid-term.

Mitchell Tinley:

And what sets Infinity Lithium apart from the rest?

Ryan Parkin:

Oh look, you know, we’ve got a resource on-site. We’re going to be producing battery-grade lithium chemicals on-site for a key market within Europe but also within Spain. So Spain’s a very large market in its own right, and they too are trying to capture investment in the space.

Mitchell Tinley:

Ryan Parkin, thank you so much for your time, and excellent presentation, and we can’t wait to see you next time.

Ryan Parkin:

Thanks a lot, Mitchell.

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