Ann: BSOPP Feasibility Study Complete - New 120ktpa Base Case, page-150

It’s worth noting they have changed what they include in the “operating cost”. They now include corporate office costs and sustaining costs.

The “AISC” still doesn’t include royalties. The small print lists the royalties and assumes the WA royalty to be “5% gross less shipping”.

I referenced the RWD PFS AISC earlier, they included all royalties. KLL has definitely moved up the cost curve.

The increase in brine supply infrastructure appears to be disproportionate to the overall increase in SOP output. Bores and trench are initially increasing by 50% and 100% respectively whilst output is increasing from 90-120Ktpa (33%).
I would be interested to hear Blue Foxes opinion on this.