Took a while to digest the Q report, although I'm disappointed but we need to be mindful and understand the why and how this issue can be mitigated. I encourage folks to review PLS announcement "Plant Performance Update" dated 14/11/2019. The update talks about lithium recovery initiative since start of operation back in July/August 2018. For the record PLS achieved 65% - 71% recovery in November 2019 (ie after 1 year of production) after completing key plant modifications (noted below). PLS released lithium recovery actual vs plan vs DFS in Dec 2018 quarterly. This shows PLS achieved an average of ~50% recovery after 5 months vs CXO ~50% in 3 months.
PLS key modification included;
Most interesting part...
Now back to CXO, the following initiatives are worked on to increase recovery. I take the second one "screen size trials" is similar to PLS first grind size optimisation initiative. The reasons I'm providing this is we have a list of options / solution already from similar peer industry. It took PLS more than 1 year to get recovery at DFS stage. It may take Core a lot less (maybe 6 months) to trial and enhance recovery. I hope our GM is talking to PLS counterparts and using the industry network to his advantage.
End of day we have a list of solutions and once implemented will increase recovery and lower unit operating cost. Once the new rates are demonstrated Core will reset (increase) FY24-25 production and cost guidance back to DFS level. While at the same time we continue to drill to increase our MRE to ~50MT by end of 2023.
Short term pain....but look for long term gain. I'm a LT holder and love T20 game. Hold fellas!
- Forums
- ASX - By Stock
- CXO
- Ann: Quarterly Report and Production Guidance/Cashflow Report
Ann: Quarterly Report and Production Guidance/Cashflow Report, page-243
- There are more pages in this discussion • 47 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add CXO (ASX) to my watchlist
(20min delay)
|
|||||
Last
9.2¢ |
Change
-0.002(2.13%) |
Mkt cap ! $196.5M |
Open | High | Low | Value | Volume |
9.4¢ | 9.4¢ | 9.0¢ | $1.679M | 18.34M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 293 | 9.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
9.3¢ | 276590 | 6 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 293 | 0.092 |
6 | 538535 | 0.091 |
52 | 2565633 | 0.090 |
10 | 668874 | 0.089 |
14 | 665136 | 0.088 |
Price($) | Vol. | No. |
---|---|---|
0.093 | 276590 | 6 |
0.094 | 246118 | 5 |
0.095 | 942181 | 23 |
0.096 | 16580 | 2 |
0.097 | 50000 | 1 |
Last trade - 16.10pm 14/06/2024 (20 minute delay) ? |
|
|||||
Last
9.2¢ |
  |
Change
-0.002 ( 2.23 %) |
|||
Open | High | Low | Volume | ||
9.4¢ | 9.4¢ | 9.0¢ | 10903918 | ||
Last updated 15.59pm 14/06/2024 ? |
Featured News
CXO (ASX) Chart |