Ann: December Quarterly Activities Report, page-63

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Allyoops2

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18/01/22

21:57

Post #: 58959847
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Originally posted by triage: ↑

Solid report. Well done Martin. Don't forget the briefing is on at 11:30 Wagga Wagga time.

Some quick notes:

First Sal de Vida production in the second half of calendar 2023 and with a 50% increase in production from earlier assumptions.

They really do need to pick up another Mt Cattlin-like project in WA. They are looking to commence a drilling campaign in March to extend the life of Mt Cattlin but the thought of that campaign failing is scary. They need back up and a 10mt project in WA is as good as a 40mt project elsewhere, quicker and cheaper.

The James Bay feasibility study assumes a sales price of $US1,001/t. The indicative pricing for this quarter is US$2,500/t.

They will hold a investor strategy presentation in March. Seeing they are increasing production from stage 1 of Sal de Vida I fully expect them to announce that they will fuse stages 2 and 3 and possibly bring forward commencement of that work. Will they give any dates for stage 3 Olaroz? I hope that they have already acted on a replacement for Mt Cattlin and can explain their actions in the presentation.

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What about the tkl lithium tenements at Mount Catlin now held 100% by AKE, I was under the impression that these holdings had excellent potential .
TKL (Trakka resources) I believe traded there 20% lithium rights
at mount catlin for the copper and gold deposit known to exist in this very prospection area. I would have thought that shareholders would have a right to know if this was the case. If we do hold these tenements Mount Catlin would presumably be able to utilise the existing plant and machinery currently being used.
ally
AKE Price at posting: $11.61 Sentiment: Buy Disclosure: Held
9 Upvote

0 Great analysis

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