Ann: Quarterly Activities Report - June 2024, page-158

Late 2020:

- circa $3M cash
- MRE: 245kt, indicating potential for 10ktpa for 16.5 years production
- tenements: 2794 ha
- no expansion permits for operations beyond 2ktpa
- 2ktpa plant yet to be funded; construction yet to begin
- circa 30t carbonate produced from off-site industrial-scale pilot plant
- 38 ha ponds constructed
- Li2CO3 CIF North Asia <$7k/t
- AGY sp: circa 7-8c
- AGY market cap: circa $75M
- next key steps: secure funding to commence construction of 2ktpa plant
- construction of 10ktpa expansion to commence: absolute best possible case circa 18 months..?

Mid 2024:

- circa $12M cash
- strategic investment by ATL: USD$5M
- MRE: 687kt, indicating potential for 12ktpa for 42 years production, or 24ktpa for 22 years
- tenements: 8606 ha (pending formal granting of 5813 ha)
- expansion permits granted for for 12ktpa operations
- 2ktpa plant built and commissioned, market conditions drive pause of refinement and ramp-up
- circa 80t of carbonate stockpiled, produced from 2ktpa plant commissioning works
- 20t of carb from 2ktpa plant sold to Korean customer; also, ATL is performing product testing and qualification
- circa 58 ha of operational evaporation ponds
- Li2CO3 CIF North Asia: circa $12k/t-$13k/t
- AGY sp: circa 4c
- AGY market cap: circa $60M
- next key steps: complete engineering to get 10ktpa expansion to construction-ready status; secure funding to commence construction of 10ktpa expansion
- construction of 10ktpa expansion to commence: absolute best possible case: DYOR



Imo it’s very interesting to look at the facts regarding the investment opportunity now vs a few years ago.
Also interesting how many are calling the final score long before the game has finished.

imo the actual facts do not support the notion that the company is toast. As usual, only time will tell.
Revised NPV analysis on the way.


GLAGenuineLTHolders
DYOR
Beware the pirates.