It was from the great
@CarrotGrunt AGM notes which is well worth another read.
Mostly everything going to plan. He also stated back then and continues to that it’s the best spodumene in Australia apart from maybe Greenbushes. I think it’s also worth keeping in mind what great foresight Calderwood and the team had to rapidly progress to production. There is no telling how long and if ever some of these other explorers will take to get into construction, expansions will come from Current and near term producers imo for a while to come.
PLS
TAW
MIN
GXY
Greenbushes
KDR
Nemaska
SQM
ALB
LAC
ORE
AJM
All eyeing expansions.
Here is what you were asking for.
“Q: You have raised $50 million a few months ago, if the Reserve upgrade is big enough will it be used for the Fines and second DMS?
A: No that money is not allocated for that capital expenditure, we have got some other sustaining capital items to spend money on including the Tantalum Plant, Tailings Roads and other things still to finish of. Its also for working capital, we are pre striping waste in advance. So we are mining more waste than the life of mine average, life of mine average waste is 8.3 to 1 and we are mining at double that rate at the moment. Now that will enable us to have large quantities of Ore coming on-stream in about 12 months time, and that leads into those opportunities that we can look at for a second DMS which wouldn’t take us that long to build, but we are reviewing all that stuff at the moment.
