Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-33

This quarterly raises the question - whatever was the November 24th Hot Commissioning announcement about? did ASM mislead the market?
Excerpt below:

Australian Strategic Materials has commenced hot commissioning on its neodymium furnace. This
included firing up the plant’s furnaces, processing feed material and casting the plant’s first ingots of
neodymium metal.
This represents the first phase of commissioning activities, with additional modules of the Korean
Metals Plant undergoing construction and installation. These first phase commissioning activities are
planned to continue through the first half of 2022, with the full scale, 5200 tpa plant due for
completion in the second half of calendar year 2022.

If ingots were cast in November, why is there no revenue from them?
Was the hot commissioning actually using the existing pilot plant which was merely moved to the new location, but not actually able to formally produce because the new plant was not "registered" (registration on April 7th).