Ann: TAW and AMAL complete First Shipment of Lithium Concentrate, page-20

The DMS completed the first of three performance tests, with:
• 4,152 tonnes of ore processed over a 24‐hour period at an average processing rate of 173tph;
• Initial sampling of the primary concentrate returning a grade of 7.03% Li2O, 0.34% Fe2O3 and
1.12% combined Na2O and K2O;
• the concentrates containing less than 1% mica; and
• initial sampling of waste material returning a grade of 0.10% Li2O.

This equates to about $A5m per day worth of product produced. Or if run 365 days a year $A1.8b worth of product.

Are my numbers right? Seems high. ..