Disappointing production for the quarter. Impacted by COViD illness on site and turnover. However, Mel seemed very bullish on this Qtr and stated should be 100k production quarter and April solid continuing the March trend.
on cusp of announcing Hillgrove mining contractor and offtake. Expect this quarter and expect mining to commence this year. The leaching of tailings while production gets ready is an unexpected bonus.
Expect Liontown to commence later this year, but also expect overlap.
working cap loan down to 6m and remain on track to be 0.
June should be a very interesting quarter in a positive way. More to be excited about than worried about IMO, and a lower production Qtr just means a longer mine life - the ore didn’t disappear during COVID….. good buying opportunity now IMO before positives of last quarter come through.
Ann: Quarterly Activities Report March 2022, page-18
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