AGM today?, page-43

A couple more points made by MT yesterday:

1. Having large international players like LKAB and Mitsui in your corner when dealing with customers adds a lot of weight to your credibility.

2. LKAB is an international leader in deep underground mining...depths of one and a half kilometres and more.

3. Initially thought 10k tons of anode would be enough for the PFS then doubled it to 19k, Interest trebled to June this year. No guidance on upcoming DFS level but now potentially multiples of that. (Comment: Don’t know whether he meant multiples of 19k or 57k).

4. Initial focus for anode supply will be Europe then United States then Asia.

5. Sees Talga as potentially a significant world player in the EV battery market.

6. The takeaway message on pricing was that prices pulled back considerably in recent months and are now recovering strongly and reading between the lines will remain at roughly the levels as set out in the PFS for Talnode C and 50% above synthetic prices for the silicon-based anode.