Ratification: incoming from 6th Feb onwards (near future)
Offtake: finishing up, half a dozen companies, up to US$100million
Ghana listing: by end of Feb (no new shares – they’ll buy existing shares)
MiiF $28mil: expecting soon after very good meeting recently
MiiF $11mil: funding for development, exploration and studies
EPA permit: ahead of schedule and finalising
Mining contractors: narrowed to 2 in the tender process
Modular DMS: finalised by narrowing to 1 provider
Resource: receiving more assays and higher reserves to be declared this year
Assore: they’re keen on the project, any further bids or hostile approaches will come to the market. Current bids are a 70% premium to the sp, future bids should be 100%.
Piedmont: they're continuing to make payments this year as per the staged earn in, resolving one outstanding payment for around $1mil from 2023. No issues and all rosy.
Spodumene: well positioned as both a very low C1 opex ($377!) and AISC meaning no real concern over price fluctuations, lithium demand increasing, high cost suppliers shutting down.
Will be in the top 5 biggest mines in the world!
A11 Price at posting:
37.0¢ Sentiment: Buy Disclosure: Held
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