in the eureka report it sounds as if there is strong interest in...

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Barry81

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01/11/22

13:15

Post #: 64523413
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Originally posted by Lefevre: ↑

Scoping study due any day now. Then before the end of the year a flurry of newsflow :

Potential for DSO Starter Project

Advanced offtake discussions to secure DSO offtake with a TPA
producer. First sales expected by H1 2023. This is through Alees contacts.
Product Qualification with potential TPA offtaker
Mine Management Plan expected to be completed in November
2022.
Existing New Mining Camp on site
Final Road, Rail Haulage and port handling negotiations
commenced and expected to be complete in Dec qtr 2022
Final Negotiation with Traditional Land Owners expected to be
complete in December 2022.
Existing DFS completed for DSO operation in 2011.

The ducks are lined up for DSO.
Offtake financing ?

Avenira has :

Wonarah has the largest high-grade Phosphate resource In Australia with its
Ore well suited for the production of high-purity TPA
High Grade Phosphate Resource.
Total Resource 532.9Mt (15% P2O5 cutoff grade)
 Measured Resource of 64.9 Mt @ 22.4% P2O5
 Indicated Resource of 133 Mt @ 21.1% P2O5
 Inferred Resource of 335 Mt @ 21% P2O5
50+ years mine life
Access to existing Infrastructure
 Access to established bulk commodity port at Darwin
 Adjacent to priority highway Barkley Highway
 Proximity to railway with spare freight capacity Tennant Creek to Darwin
 Highly suitable for solar energy, located in Australia’s highest photovoltaic region
 Northern gas pipeline runs through the project area

All for a $15 mil market cap.

Plus a Thermal Grade Phosphoric Acid Project and a LFP Cathode Active Material Project both at massive margins in a battery industry with massive growth over the next 10 years with all the major MV manufacturers weening themselves from relying on China.

Its like buying FMG when nobody thought it could be done.

Brett Clark recently referred to the Georgina basin as the new Pilbara.

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in the eureka report it sounds as if there is strong interest in funding the tpa and lfp plants from strategic investors. Looks a very good project.

AEV Price at posting: 1.3¢ Sentiment: Buy Disclosure: Held
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in the eureka report it sounds as if there is strong interest in...

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in the eureka report it sounds as if there is strong interest in...

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