Ann: Core and Tesla execute Binding Term Sheet for Lithium supply, page-237

I read that this morning also. Between the LTR DFS and this report I think there is enough info now to build a $ model for Core. Was pleasantly surprised to see that Primero was involved, a good continuing relationship build with Core.

Am struggling a bit with Core Stage 2 though. Do you have an opinion on this? I think I am at odds with others on this build. I am leaning towards a two part Stage 2. Initially, the fines further processing within 8-15 months and then component upgrades to DMS for say increase by 25%ish (ie say upgrading crushing or second cyclone, etc.) over 2-5 years. Effectively saving a "second DMS" for Barrow Creek to feed into 1 or 2 trains LiOH plant.

I can not find any words in Core reports for 2nd DMS at Finniss within 2-5 years, and yet SB has said engineering is being done now for plant upgrade??? Could this be for fines processing by Primero now they have finished the E in the EPC contract?