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Power Minerals (ASX:PNN) discusses sustainable lithium production and the Lithium Triangle

ASX News, From the Floor, The Market Online Thematica
ASX:PNN      MCAP $10.65M
25 August 2023 12:06 (AEST)

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Mitchell Tinley:

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

I’m here with Power Minerals (PNN) Dr Nick Lindsay.

First of all, you up there presenting, I was captivated by your presenting style. How does it feel to get the message across to everyone?

Dr Nicholas Lindsay:

Feels good. We have a good story to tell and it’s nice to have a receptive audience to which to tell it so one thing that really impressed me about the panel up here covered quite a diverse range of players in the lithium business.

Mitchell Tinley:

Do you get to mingle much, do you get to know what other companies are doing? I’ve asked some others before but is it amicable or is it competitive?

Dr Nicholas Lindsay:

Right, but the first thing is we’re all really busy so we don’t get many opportunities to sit together except for conferences or things like this.

We’re collaborative. We see the success of one brings success to others. So it’s not that competitive. If there is competition, it’s personalities.

Mitchell Tinley:

Now can you talk a little bit about the Lithium Triangle and the importance of that with Power Minerals?

Dr Nicholas Lindsay:

Right, the Lithium Triangle currently produces about 30 per cent of the world’s lithium, refined lithium, two of the biggest lithium companies in the world.

So it’s a big play out there. Salar brine occurs in really only two areas in the high mountains in the desert of China and in the Andes.

That’s why the Lithium Triangle is important. The other thing that’s really important
about it is that we produce a refined chemical on site and that is something that is peculiar to brine. It allows us to control our destiny and also allows us to control the environmental impacts. We don’t have to rely on other people. We control everything from the time that the brine is extracted, re-injected and the product is produced and sent straight to battery makers.

Mitchell Tinley:

Now if anyone had to take away one message from today’s presentation from Dr Nick Lindsay, what would that be?

Dr Nick Lindsay:

Power Minerals is completely and utterly focused on producing a lithium product that is sustainable in the environmental world that we live in today as we produce a product at this mine gate that can be sold straight into the battery market.

Mitchell Tinley:

Dr Nick Lindsay thank you so much for your time we look forward to hearing more from Power Minerals.

Nick Lindsay:

Thank you.

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