The strategic review lacks detailed plan and timeline for the carbonate plant in NAL.
Of course it lacks details, they have only just received the DTS for Hydroxide vs Carbonate and a decision there will like lead to a more detaiked DFS for whatever the choice is made.
Untill you hear otherwise the original plan and timeline still exists, nothing has officially changed with the strategy for NAL but it may well do and we will find out when the JV makes a decision, after all this is a JV.
What is likely to change is how it's financed and that has been referenced in the strategic review , our cash generation has been effected by the collapse in concentrate price.
Basically whatever the JV decides, the earliest the refinery would be ramping up would be late 2026 and thats been the case for a long time.
Cheers Whisky
VOTE NO AGM 2023 RESOLUTION 1-5...... NO, page-385
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