My understanding was that they're saying the DFS is still valid when that volume is achieved - potentially with a delay to achieving full stage 1 output.
The ramp up phase is now defined as 50ktpa initially with a view to grow to match signed offtakes (in an attempt to minimize capital expenditure).
It's a fair plan, very risk adverse in response to current market conditions and uncertainty.
Fully agree this should have been included with the announcement on Friday however.
Ann: Investor Webinar - Market Update, page-179
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Last
1.6¢ |
Change
0.000(0.00%) |
Mkt cap ! $48.20M | |||
| Open | High | Low | Value | Volume |
| 1.6¢ | 1.6¢ | 1.5¢ | $46.02K | 2.928M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 83959 | 1.6¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 1.7¢ | 3096317 | 10 |
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| Last trade - 15.53pm 12/07/2024 (20 minute delay) ? |
| ADN (ASX) Chart |