Ann: Trading Halt, page-85

Weindryn states:

'yep and they need 600 mil in capex at some stage.'

At least you got the staged part right.

Outstanding economics as in the NPV/IRR, net profit of mine life, 20 year plus mine life. PRESS HERE

Stage One: $275m SC6; if sulphate $545m capex; hydroxide at a later stage; all stages as revenues and the market dictates!

It's called a staged approach to avoid all the problems that WA Inc. incurred.

-and payback in 1.5 years!

Then mining/product:

-low onsite operating costs
-high quality chemical grade spodumene concentrate product
-key low impurities of iron and mica
-long mine life


Collectively this will be a very big carrot to investors/offtakers!-(e.g. Yibin Tianyi need 100,000 tpa of lithium hydroxide for their expansion plans, and will need AVZ to be developed ASAP, let alone the Europeans with their megafactory expansion plans.)

Managing Director Nigel Ferguson:

“This week’s release of our highly positive Definitive Feasibility Study has
generated significant interest from a wide range of investors and potential
financiers, and I am confident we will secure the necessary short term funding as
well as longer-term debt and equity finance on highly competitive terms.”

AIMO