Ann: NAL Lithium Carbonate Plant Study Produces an NPV of A$3.2B, page-236

My bet is that the orders have already been placed, if I know BL.

Given this is a JV and any expenditure involves agreement with PLL thats highly unlikely at this stage . The JV has agreed to proceed with the DFS with the intention to proceed to Carbonate production subject to DFS timing and outcomes. That doesn't mean they won't order long lead time items before the DFS is completed but at this point there has been no official agreement to proceed beyond the DFS just a high likelihood and also no specific timeframe although 2006 is what SYA would like..

Cheers Whisky

Based on the positive results of the preliminary study and the financial analysis, Sayona Québec has decided to move forward with a definitive technical study for the restart of lithium chemicals production at NAL. To achieve the development schedule as shown in the preliminary study, major equipment packages would need to be awarded early on to secure equipment delivery in line with the preliminary construction schedule to ensure potential commissioning in 2026, subject to the definitive technical study’s timing and outcomes