General Discussion Topics, page-127104

Hi UndR8ed Cat. We are almost at the end of Q2FY24 and I was looking at what some of our figures might look like when we get the Quarterly Report at the end of January. I remember in one of your recent posts you mentioned we were at 62% Recovery Rate. In our last quarterly we were at 58% and I was just wondering where you obtained the 62% figure from. Was it mentioned at the AGM and I missed it? Our last quarterly had our Unit Operating Cost (FOB) at A$1,231 dmt and I'm hoping this quarterly it will be around the A$1,100 - A$1,150 dmt mark. I will also take better than that.

I'm also wondering if the JV had a shipment during this quarter, or did it all go to PLL? We will have to wait to find that out, but while prices are low it might not necessarily be a bad thing for PLL to take it all at the moment, except maybe if the JV was able to get a shipment in October when prices were a tad better. If PLL take the shipments now while lithium is low then it doesn't really matter if spod is currently U$900 or U$6,000. We could fill PLL's 113,000t/y order by the end of the Q3FY24 and then what's left to ship in Q4FY24 will all go to the JV when hopefully after CNY prices will be better than they are now.