Phosphate mining at Avenira’s Wonarah project in the Northern Territory is nearing a trial phase, paving the way for a final investment decision (FID) to be made in the September quarter of 2023. The commencement of DSO (direct shipping ore) mining is planned for the second half of 2023.The DSO operation aims to ramp up to 40,000–50,000 tonnes of saleable ore product (SOP) per month, with the DSO phosphate product to be sold to a South-East Asian thermal phosphoric acid producer for further processing.While DSO production is taking place at Wonarah, and Avenira is generating first cashflow, the company will work alongside Aleees to advance the LFP plant in Darwin.
And The paladin's "if they do get to DSO a fcf of say 5mill per month. Would probably see them valued at 1-2x earnings. So maybe 60-100 mill MC."
Some juicy potential SP catalysts if Management get off the tails.
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Ann: NT Govt Land Commitment at Middle Arm for LFP Project, page-203
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