British Lithium Limited (BLL) has been awarded £500,000 of match grant funding from the government to progress its research and development of hard rock lithium extraction in the St Austell area of Cornwall.
With an application success rate of around 6 per cent, the Innovate UK Smart Grant is a highly sought-after award and winning it is testament to the strength of BLL’s business case. This week’s announcement follows the company’s recent declaration of an official JORC (Joint Ore Reserves Committee) Target Resource and a successful preliminary economic assessment (PEA) – a scoping study that analyses the technical feasibility and economic viability of a proposed mining project.
Press release – Innovate UK Smart Grant for British Lithium | 14 Aug 2020 | Roche
