Thanks very much
@Deboss , well thought out questions mate
As most of my posts relate to Artisanal miners and the feed they will supply WFE plant to get us up and running Years before the rest. I was very pleased with the response Jason gave to your question.
A: Based in Congo and SA and experienced in country. Yes progressing very well with several approaches by Congolese companies. Aiming to finalise ASAP as per our planned announcement.
Payments terms are linked to the grade of material delivered to site and a matrix which is pretty standard throughout the DRC. All have proven ability to deliver material and where we have reviewed prior contracts, performance under those contracts and where we will obtain a bulk sample in order to better understand grade of material and metallurgical characteristics including recoveries and key penalty items such as manganese levels etc. All contracts will be subject to KUMI sign off on operations and meeting our ethical and responsibly mined and sourced criteria. Design plant throughput of approx 25,000tpm and we are looking to lock in now 5,000tpm to 10,000tpm from each supplier and we will then look to optimise the feed from a grade and recovery and cost perspective in order to maximise revenue and minimise cost
ayment terms are linked to the grade of material delivered to site ( Very Basic and easy to regulate , seller be warned )
:All have proven ability to deliver material and where we have reviewed prior contracts, performance under those contracts ( Suppliers have a proven and documented ability to supply what has been ordered )
:Where we will obtain a bulk sample in order to better understand grade of material and metallurgical characteristics including recoveries and key penalty items such as manganese levels etc. ( Unlike mining , WFE will know what they have before they start , and only pay for the agreed grades they ordered )
WFE pays X , processes for Y and sells for Z = Near Term = Cashflow = Profit
Ps. Only if the ASX approves of course !
