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Delta Lithium Limited ( (AU:DLI) ) has shared an announcement.
Delta Lithium has confirmed downstream hydrometallurgical flowsheet chemistry at its Mt Ida project, successfully producing 99.8% purity lithium carbonate from mica concentrate with an overall lithium recovery of 86%. The company also demonstrated a process to recover rubidium, generating high-grade rubidium carbonate with 67% recovery from concentrate, turning a typical waste stream into a potential revenue source.
Management plans further testwork and to incorporate this by-product potential into Mt Ida’s financial modelling, at a time when SC6 spodumene prices are stabilising above US$2,000 per tonne. Supported by a cash balance of $52 million and about $100 million in listed investments, Delta appears well-funded to advance studies that could enhance project economics and strengthen its position in the lithium value chain.
The most recent analyst rating on (AU:DLI) stock is a Sell with a A$0.17 price target. To see the full list of analyst forecasts on Delta Lithium Limited stock, see the AU:DLI Stock Forecast page.
More about Delta Lithium Limited
Delta Lithium Limited is an Australian lithium developer focused on the Mt Ida Lithium Project in Western Australia’s Eastern Goldfields. The project hosts an advanced lithium, tantalum and rubidium resource, with a JORC-compliant mineral estimate that positions the company within the battery minerals supply chain, targeting products for battery manufacturing and potential by-product streams.
Average Trading Volume: 1,702,437
Technical Sentiment Signal: Sell
Current Market Cap: A$143.5M
For an in-depth examination of DLI stock, go to TipRanks’ Overview page.