Ann: Proof-of-Concept Study Completed for Alternative Processing, page-19

The study in the ann wasn't carried out on sconi ore but the ann very much relates to Sconi

This has been on the cards since at least 29/04/21 - quarterly update -

"Updating the front-end design of the Sconi processing plant with the objective of
materially decreasing the project’s already competitive capex; and"

Todays ann says

-We've already run sconi ore through a process 'that materially decreases the project’s already competitive capex' , now we've run the other deposits through it Bell C/Mina/Flem and proved it works there too

-As all successful and all deposits can use this process, we will look to commercialise it - it may take us two years to do so.


Not sure why all the confusion. All great news and zero bad news. Mgmt continue to add value and my guess is a DFS won't be too far away