The aim of the expansion study is to accelerate an increase in SOP production capacity (having regard to the
increasing SOP prices), which will involve a low capital intensity expansion. Further, the increased
production will enable realisation of economies of scale, offsetting various negative macro-economic factors
(predominantly the foreign exchange rate in the case of a strengthening Australian dollar, increased freight
costs, and various COVID-19 impacts), while at the same time taking advantage of the recent increase in
SOP prices. Updated cost estimates will be provided as part of the 120ktpa SOP expansion study.
The Company has also commenced the assessment of potential funding opportunities to achieve a 120ktpa
SOP expansion, with ongoing discussions well advanced between the Company and its financial advisors,
senior lenders and off-take partner.
The Company will, in due course, provide shareholders with an update
in respect to the expansion study, as well as the status and outcome of the above discussions.
Yes it will be interesting of the timing of when this announcement comes.
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