• First shipment of AL80 has departed Geelong • Closed-loop processing continuing, although throughput diminished due to intricacies of re-treating partly-processed material • Planned alterations to areas of the circuit to increase throughput, reduce staffing and greatly simplify process • Plant will continue operating during planned process changes • Engineering and environmental permitting progressing very well in the United States • Rail spur final design and costing expected imminently • Management soon to confirm capital cost and drawdown schedule • Preliminary site works commenced • US and UK roadshow completed, business case positively received
MHM Price at posting:
77.5¢ Sentiment: LT Buy Disclosure: Held
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