Correction
A small format correction to my earlier post Post #:56762850: Dupont and BASF manufacture catalyst caesium. My connection to H2SO4 is not relevant to the point I was making.
USGS
You are correct about the early recognition of Cs in lepidolite micas @kellectric, but it is only in recent years that the USGS has identified it as a one of the 35 critical minerals. It's not just the US, but UK-based Critical Minerals Association (https://www.criticalmineral.org/) is also well aware of the need for Cs.
The 2021 USGS notes that China has the only active mining of Cs around the world, with other sources depleted. The same report gives a (unnamed) callout to LPD by identifying Cs at Karibib and identifying concentration levels published by LPD.
Financial Impact
The DFS discusses the plan to produce ~246tpa caesium formate (CHCsO2), with a revenue contribution of 9%pa (~$9.5M), but the ability for the L-Max process to deliver catalyst caesium is a significant step up. The price premium is significant, but as it is not a widely traded product, pricing is opaque.
Cs sulphate is interchangeable for many applications with rubidium sulphate (Rb2SO4), which is expected to contribute 19% ($~21M) of annual revenues from P1. The catalyst caesium, commanding a higher price, with bring those two products closer to parity. At the same time, because of the higher quality of the Cs sulphate, the products would no longer be sold as substitutes, releasing expanded opportunities for Rb2SO4.
BASF
One minor correction to your first mention of BASF @kellectric. There was no "off-take agreement", it was an MOU that LPD inherited with the DLI acquisition. This was later extended as a one year LOI in late 2019. Since it expired, there has been no further announcements regarding BASF. NDAs may well prevent further disclosure.
KIZAD
We can look forward to completion of the FEED works, scheduled for late November 2021. Completion of same, and OT agreements can't progress without a site, so the Ann of the Musataha Agreement (2021-10-12), and the subsequent provision of utilities, is critical to keep the plan for production on track.
Drilling Campaign Results
The results from the latest drilling campaign (completed 2021-05) may extend the mine life from 14 to 20 years, but the financials in the DFS still hold good with 14 years life @Patmeate. Accordingly, they may not be critical for OT and funding (though any mine life extension will improve the LPD NPV).
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