Millennial Lithium (ML.V) is 100% serious about advancing the Pastos Grandes lithium property as fast as possible, as the company has just appointed WorleyParsons as its consultant to complete a comprehensive Preliminary Economic Assessment on Pastos Grandes. More details are emerging now, and it looks like WorleyParsons has been tasked to look into the option to start with a 10,000 tpa lithium carbonate production scenario.
Not only will this reduce the initial capital expenditures, it will also allow Millennial Lithium to scale its production to make sure it could meet the gradually increasing demand for lithium. The 10,000 tpa production scenario is just the starter phase, as it looks like ML’s goal is to ultimately become a 25,000 tpa producer.
Meanwhile, it looks like CEO Abasov is bringing his Allana Potash dream team back together. Millennial Lithium has now appointed Max Missiouk as its new Chief Financial Officer, a position Missiouk also had at Allana Potash. Bringing an old team together could result in efficiency gains as members of the management team will know each other’s preferences and desires on how to ‘do’ things.