Ann: Core Lithium 2019 Annual Report to Shareholders, page-7

Seems like the project still has a long way to go for CXO to become a producer. Not too sure what to make of the Jan 2020 "first shipment" date. Seems a tad optimistic.

13:1 is quite the strip ratio.

A shame about the overall size of the resource. Must be one of the smallest in australia. Be interesting to see what would come from some exploration drilling at barrow creek.

I quite like how they have kept the plant simple and gone for a lowish grade product @5.5%. For such a small resource the 28.3% not recovered is pretty insignificant compared to what is feasible for larger longer LOM operations. Hopefully the stated numbers are realistically attainable without flotation circuit seperation and CXO will avoid all of the plant issues that PLS is having.

Dont like how the company's KMP termination benefits are so high or the lack of skin in the game from management. Also dont like that they are Adelaide based and wasting money on an office there as well as the one in the NT where the project is rather than relocating.

Anyone able to shed any light on the 171k "impairment expense"?