Following the receipt of full approvals for construction of the Kalgoorlie Project in February 2022, construction activities at the site are now well underway. Progress during the period included: • All five kiln drum sections, the four riding rings, sixteen rollers, two main drives and auxiliary drive have been lifted into position and assembled. The kiln was rotated under its own power during the period. Welding activities will now commence. • Work on concrete, foundations and frames for key buildings has progressed rapidly. • Tank farm detail earthworks completed and blinding concrete installed. • Waste Gas Plant foundation construction underway. • The 20,000m3 raw water tank is complete, two 1700m3 water treatment tanks are complete, and fabrication of two 1300m3 tanks are complete.
I could not find any ETA from this report but my guess is now around Xmas 2022 and testing and commissioning would have commenced. Any other predictions or knowledge from LYC?
LYC Price at posting:
$8.34 Sentiment: Buy Disclosure: Held
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