Perth-based explorer Altura Mining has entered into a nonbinding letter of intent with China-based group Lionergy, which would see the latter buy a minimum of 100 000 t/y and up to 150 000 t/y of lithium spodumene concentrate, produced from Altura’s 100%-owned Pilgangoora lithium project. Lionergy has also agreed to subscribe to shares in ASX-listed Altura through a A$3-million placement at 8.1c apiece.
