Ann: Underground production commences on schedule, page-46

LTR is much ahead of the pack. I'm not expecting the poor Mr Market will understand that easily. Mr Market will see the advantages of this first U/G lithium mine slowly. That's why the current sp is unbelievably cheap IMO.

These are the important parts for me.;

• ...it is expected to offer distinct advantages over traditional openpit operations,

• through cleaner ore extraction by reducing ore dilution from waste contamination,

• supporting higher lithia recoveries and improved ore fragmentation for optimised throughput.

• with a head grade of ~1.5% Li2O and recoveries exceeding 70%,

• with further optimisation through recovery improvement projects still to come.

We already have the high grade.

Now our recovery rate will be 70% +, and will be increasing by further optimisation works.

As I explained on my post #: 78498303, the plant feed ore grade and the plant recovery rate are both the key things in lithium processing business. That's what we have achieved now.

If you can have a look at my old post you will see the advantage we have had now.

We will feed 4.9t ore to the crushers by using 1.5% grade ore at 70% plant recovery rate instead of feeding 6.1t ore at 1.3% grade at 65% recovery rate.

That will reduce our cost a lot.