AGM roll call and questions

Hi all,

As the AGM has been officially announced, I wanted to put together a thread to find out who else will be there, and to provide people an opportunity to post questions they would like answered.

@Beton2, you did a wonderful job taking notes to share with us last year, will you be there again this year?

Anyone else going to be around and able to take notes? The more people on the case, the better chance we have of capturing everything.

As for questions, here's what I have so far, in no particular order. Please feel free to add to the list of there's anything you want to know.

L-Max patent

• L-Max patent covers the production of lithium carbonate. Is there any scope to expand the process to produce other chemicals such as lithium hydroxide and lithium chloride directly, or would L-Max always have to produce lithium carbonate first and then convert later?
  

Feasibility study

• The feasibility study was to consider conversion from lithium carbonate to lithium hydroxide. Will it deliver findings relevant for a full-scale plant, or was this put on the backburner as all work for P1 focused on carbonate?
  
  
  • If placed on the backburner for P1, will it be picked up in the studies for P2? Some form of R&D from the pilot plant?
    

Finance

• Between the different sources of funding being considered (offtake prepayments, government grants and strategic investment/equity), is there an ideal mix the board are aiming for?
  

Price negotiations

• The lithium market lacks a commoditised exchange to give price transparency.
  
  
  • How will the company gather data about pricing for negotiations?
    
• Is there a strategy for how much of the plant’s output will be allocated to offtake agreements?
  

P1

• Timeline for P1:
  
  
  • Are we still expecting a 15 month build time for P1?
    
    
    • Does that build time include any commissioning?
      
  • If so, then FID made by June of next year would mean the plant started operating in September 2020, is that right?
    

• What is involved in debottlenecking the plant from 2500tpa to 5000tpa, and is there an envisaged timeline for when that might occur?
  
  
• Alvarroes is going to be the initial feed source for P1. After the debottlenecking, the plant will obviously need a higher rate of feed. Will Alvarroes be able to handle that increase, or will other options have to be explored?
  

• Is this where the confidential deposit being included in the pilot plant will fit in?
  

Pilot plant

• The budget for the pilot plant included $1.5m operating costs. How long will the plant run for that cost?
  

Cheers