Business and Trade Sub-Committee on Economic Security, Arms and Export Controls
20 May 2026
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Business and Trade Sub-Committee on Economic Security, Arms and Export Controls House of Commons
00:01 - 00:52
Speaker 1
Welcome to today's session of the economic security subcommittee as we complete our inquiry into critical minerals. Thank you so much to our witnesses and for joining us for this session today. And, Mike King, if I can start with you. So we have been looking at the current demand picture, but we're obviously looking into the future and we're asking ourselves whether the government's got a plan to help the country secure the supplies it needs for the years to come. And we weren't wholly convinced with what we've heard so far, but I just want to ask you all first, what do you anticipate you can supply for the next kind of ten to fifteen years?
Do you think you've got a particular bit of The UK's demand for the future covered? And and if so, give us a sense of what
00:52 - 01:51
Speaker 3
it is. We've just on our main Trilaba hard rock project, we've just completed a definitive feasibility study, which is based on a in part on a very extensive drilling program to define what the level of resource at a at a at a properly regulated level. And we're very confident that we can deliver 10,000 tons per annum over twenty years, so probably from 2029, 2030. So that represents if you look at the critical mineral strategy, that represents about 20% of that of that target for lithium production by 2035. Yeah.
And then, obviously, the other side of our business is the lithium from geothermal waters, which is a few years behind in terms of its maturity. But, again, that would probably generate from twenty thirty thirty five onwards about the equivalent. So if everything if everything comes to pass, we're talking about 20,000 tons per annum of lithium carbonate equivalent Yeah. Which is obviously 40% of the of the target.
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