Ann: Investment from Sichuan Hebang Biotechnology, page-15

Yes, SHs should see an updated Feasibility report for the DSO operation as the last update was some time ago.



I am sure Hebang has fully conducted their due diligence prior to today's announcement, meaning they would have access to most of the economics prior to making such a large and continued investment in Avenira.

With Wonarah being Australia's largest high grade phosphate resource, the profitability of the DSO project will also increase, as they further increase the grade through the benefication process, and increase the tonnes processed at a lower cost/tonne. The latest Mine Management Plan (MMP) should be approved by the NT government soon, and I expected an updated Feasibility report to be release after that.

I found this announcement worth re-reading from the end of 2023.



I suggest Avenira (with Hebang's stated support) will also progress the Yellow Phosphate Project and produce Thermal Grade Phosphoric Acid (TPA). Both additional streams will significantly "Value Add" to the Avenira's profitability.

Here is one simple extract from Avenira's website worth noting.


There is so much more information on the website and in previous announcements.

In summary, I believe we will see the SP continue to rise, hence I bought more today and will continue to accumulate.