Hi everyone ...
Am I missing something or is this is a bit of a no news announcement today?
It just notes Altura has continued to load and ship the supplies of concentrate that were on hand at the end of September*?
-Except, as
@zoomyjeff noted, it also said prices have remained consistent, which is a boon : )
Plus it reinforced yet again the strength of demand which is truly great news given the update elsewhere that Wodgina was battening its hatches.
“Demand for our product continues to remain firm, reflecting the excellent quality of our concentrate, which is low in impurities and meets the preferred specifications sought after by lithium converters and battery manufacturers.
It also reflects the strength and commitment of our customers, who are well established, financially secure and leaders in the lithium industry.”
*At the end of September there was 540,513 wmt stockpiled to add to the fresh ore and there was 30,387wmt of concentrate stashed around the place although the quarterly said after the shipment that was being loaded in late September was gone there would just be 17,887 wmt of concentrate.**
Today’s announcement said that the stored concentrate loaded in late September departed on October 2 followed recently be another 11,650 wmt.
That leaves Altura with whatever it has recently produced plus the 6,327 wmt of concentrate left over from the end of September and the stockpiles ;
“Current ROM and crushed ore stocks as at the end of September totalled 540,513 wmt of which 300,140 wmt is at a grade greater than 1.20% Li2O, providing sufficient stock to blend and feed the process plant.”
AJM September quarterly-activities-report:
** “
Concentrate product stocks as at the end of the September quarter totalled 30,387 wmt distributed between site product stockpiles and the Wedgefield storage facility.
The product stock of 30,387 wmt is inclusive of a cargo of 12,500 wmt that commenced loading in the late September which equates to effective stored stock of 17,887 wmt.
During the quarter contractor Qube Bulk hauled 44,407 wmt to the storage facility from the mine site, representing a 12% increase on the June quarter...”
