SYDNEY, AUSTRALIA: PepinNini Minerals Limited (ASX: PNN) has entered right into a partnership with global lithium extraction firm Sunresin New Materials Co. Ltd. (Sunresin) for the analysis and development of PepinNini’s 100%-owned Salta Lithium Brine Project within the lithium triangle of north west Argentina.
PepinNini and Sunresin have entered right into a Memorandum of Understanding (MoU) as step one in a proposed long-term collaborative partnership to utilise Sunresin’s proprietary Direct Lithium Extraction (DLE) technology for the potential development of a commercial-scale lithium carbonate (LIC) producing operation on the Salta Project.
Sunresin’s DLE technology enables the selective salt extraction from brines by utilizing resins to facilitate the extraction of lithium.
Under the MoU, Sunresin will assess the deserves of deploying its DLE technology on the Salta lithium brine salares individually. The MoU is non-binding and non-exclusive.
The MoU is proposed to be carried out under the next phases;
• Phase 1: Project Review and Process Simulation
• Phase 2: Bench Scale DLE test work and Preliminary Economic Assessment (PEA)
• Phase 3: Pilot Scale DLE lithium carbonate (LIC) manufacturing tests
• Phase 4: Negotiation Phase for a binding settlement for the present of DLE Technology by Sunresin to PNN’s Salta Project
The primary goal of Phase four will be to safe a binding settlement that delivers battery-grade LIC from the Salta Project whereas complying with the highest worldwide ESG standards.
The events suggest to commence actions under Phase 1 of the MoU immediately, and can present updates on progress in due course