Great work team, and excellent potential for the TECH Project's HPA refinery to produce a large proportion of the higher grade HPA, with the second circuit.
Remember we're looking to produce 4,000tpa. AFS has estimated sell price of $25K/t for 4N. 5N pricing is hard to quantify: https://www.marketindex.com.au/news/exploring-high-purity-alumina-the-battery-metal-thats-flying-under-the-radar#:~:text=%E2%80%9CWe%20generally%20refer%20to%20a,is%20a%20relatively%20small%20market.%E2%80%9D
A basic blue sky scenario for this announcement's effect on TECH revenue: 100% of the HPA produced with the second stage in play > 4,000 tonnes. 100% Premium pricing for the higher grade product > $25K/tonne. That's an extra $100M revenue per year.
A more realistic scenario for this announcement's effect on TECH revenue: Let's assume a conservative 50% of the HPA output makes it to 5N grade > 2,000 tonnes. Let's assume the premium for the 5N product is a very conservative $10K/t. That's an extra $20M revenue.
Pick your numbers to plug in, it still means more revenue for the TECH project, which has now added weight to the FID see-saw green seat.
QPM Price at posting:
4.1¢ Sentiment: Buy Disclosure: Held
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