TORONTO, Canada, April 23, 2018 – Namibian lithium developer and emerging lithium concentrate producer Desert Lion Energy Inc. (TSXV: DLI) (“Desert Lion” or the “Company”) today announced it has concluded a capital markets site visit to Jiangxi Jinhui Lithium Co. Limited’s (“Jinhui”) lithium conversion facility in Yichun, China. The site visit provided investors and analysts the opportunity to meet with Jinhui management and tour Jinhui’s conversion facility, which is currently undergoing a staged expansion with an ultimate production capacity of 60,000 tonnes per year of battery grade lithium carbonate.
“We believe Desert Lion’s concentrate is a high-quality product, which will be an important feed for our operations. We look forward to receiving the first shipment of lithium concentrate from Desert Lion and continuing to build our long-term relationship with the Desert Lion team,” commented Mr Nan, Chairman of Jinhui.
Desert Lion Energy is currently in phase one production, producing lithium concentrate from stockpiled material in Namibia. The first 30,000 tonne shipment is expected to start loading during the week of 23 April 2018, an offtake agreement with Jinhui.
About Desert Lion Energy
Desert Lion Energy is an emerging lithium development company focused on building Namibia’s first large-scale lithium mine to be located approximately 210 km from the nation’s capital of Windhoek. The Company’s Rubicon and Helikon mines are located within a 301 km2 prospective land package, with known lithium bearing pegmatitic mineralization and the Company is currently in Phase 1 of its production plan, producing and exporting lithium concentrate from stockpiled material. The project site is accessible year-round by road and has access to power, water, rail, port, airport and communication infrastructure.
For more information, please contact:
Desert Lion Energy Inc.
Tim Johnston, President & CEO
Salisha Ilyas, VP, Investor Relations
Tel: (647) 209-9200