Ann: FIRST SAMPLES SUCCESSFULLY PRODUCED FROM PILOT PLANT, page-27

I’m just re-posting below what I put up this morning before today’s announcement....apologies if you have already taken the time to read it there - but I think it worth reposting on this thread.

”I’m not expecting too much as far as the next announcement goes - other than confirmation of the first 20,000L having gone through the pilot plant. This will give us Lithium Chloride. The “results” we are all waiting for will be the confirmation of purity/grade of the Lithium Carbonate......after it goes through the carbonation process. That will be at least another couple of weeks, all going well. That will be when the real fun starts - getting those samples to possible offtake partners.”

It seems there is a lack of patience from some on this thread - expecting a jump in the SP on this news. Today’s announcement was never going to be the trigger to fire things up significantly. It was always just going to be a progress update to tick another box on the way through to bigger and better things.

The announcements that we can expect to have a significant impact are yet to come - I have also estimated/guessed some timing below:
- purity/grade confirmation of these samples AFTER they are converted to Lithium Carbonate (hopefully 1-2 week’s away)
- high grade samples sent to potential offtakers (progressively over the next 2-12 weeks)
- qualification of samples confirmed by potential offtake partners (3-6 months)
- debt funding secured (? - but could be anytime in the next 1-6 months),
and the big one......
- offtake agreements signed with partners (hopefully before Christmas)

Keep in mind that a lot of these (if not all) should come out in the next 6 months - all things going well. All whilst projected EV demand (and correspondingly the demand for “cleaner” battery grade Lithium variants) gathers pace and drives positive market sentiment hard.......really hard!

It looks to me that there were some unrealistic expectations set on today’s news.....and the Traders are the ones benefiting today as a result. A little more patience is much needed by some on this thread. If things aren’t happening fast enough for you, you could always shift your investment elsewhere.

Of course all of the above is my own opinion - DYOR