Ann: Capital Raise to Advance Authier Lithium Project Development, page-93

Guys. Some weekend reading for you.

Here is the history of AJM announcements.

PFS - 11/2/2016.
MOU - 29/2/2016.
Mining study - 11/4/2016.
Binding offtake - 26/4/2016.
CR for $23m - 9/6/2016 settled on the 20th. (Share price takes a dive going from low 20s down and settling around 13c for a long while to come). This is where SYA is up to!
First long lead item bought - 25/8/2016.
DFS - 26/9/2016
$40m placement by offtake partner - 8/11/2016.
Various contracts are awarded.
Bulk earthwork to clear site - 11/4/2017.
Construction of plant - 9/5/2017 plus others.
$110m debt secured - 28/7/2017
Build build build.
Working mine some time this quarter. Share price is bouncing around high 30s low 40s even hitting almost 50c at one stage.

I fully expect SYA to be hitting mid 20s at the stage AJM is with the upside of 40s when were producing. Our strip ratio is pretty high at 1:6.9ish but at the start it will only be 1:4 so ramp up for this mine will be easy.

SYA. Exactly like AJM only half the size, half the price and a lot more nimble.