Upcoming phase 3 drilling is designed to expand the existing resource with 11 holes to a depth of approximately 100 metres that extend the mineralization to the south and east of the current resource area.
According to analysts at Citigroup.
A car uses about 4,500 times the amount of lithium a cellphone uses.
Electric vehicles consumed 15,000 tons of lithium in 2015.
By 2025, the car industry will consume 136,000 tons or more.