Hi All - some points and thoughts from the Video posted by...

Hi All

- some points and thoughts from the Video posted by @cosmoman

ESS are only one of 12 companies in Australia that have a spodumene Li resource!!
What only 12 ?- surely there must be hundreds!!! Li and Spod is so common right?

There are dozens and dozens of Oz companies with gold resource --- is Spod deposits rarer than Gold? So far the answer appears to be Yes.

When they start mining - they will Mining from Surface - Mineralised and Fresh Spod
(IMO This fresh Spod to 50meters depth will more than pay for development cost of our plant)

Currently Diamond drilling upper deposits of Cade and Davy for Bulk density and Metallurgy test work to move the Inferred (resource) toIndicated resource.
We currently have 5.5 million Tons of Indicated resource category - After This Drilling we could have 7-8 million tons of Indicated Resource!

Once Feasibility Studies confirms this is an Economic Project (and IMO it will be by a long long margin!]
This 7-8 million tones of Inferred resource CAN be moved to RESERVE!!!!!

CXO went mining on a 7.4 million ton (Proved and Probable) RESERVE!!
Note :The Majority of CXO Reserve going to be mined underground - note the low Operating costs (partly due to course spod)

ESS Getting Development ready

Environmental - Flora and Fauna studies - Completed by End of Year
Hydrological - To understand where to get water - Completed by End of Year
Engineering - Capital and Operating Cost Models for two processing plant scenarios - How much money you will need to build our own plant - and how much will it take to operate? - Completed end of Year
(CXO ~90mill to build their plant and operating cost below in chart)
Mining Application - Completed 6 to 12 months
Good relations with Native title - mining agreement already in place

When ESS commence the Scoping Study - should achieved in short time due to this work mentioned above being done now.

Below table is via PSC reports of Spodumene projects in Australia (some of those 12) operation cash cost (US$/t).
*PSC is a Petalite (Li) deposit.
Gives you an idea what the Operating of cost of ESS may fall.



I've Stated this Before - ESS will be a 500million - 1B company in 24-30 months
Now you have it stated by ESS management - Aspire to be like CXO a 1B company - even a more aggressive time frame - 12-24 months

Current Exploration

* Gneiss Belt in the Goldilocks zone until now has NOT been explored - Geochem and mapping underway - could it turn up any more Mineralised Pegs? - hope they are out their tripping on Pegmatite outcrops.

Pink area on our this map - as you can see lots of pink Gneiss to Explore.



Good Luck all - stay patient and keep your Eye on the prize.

2022 shaping up to be a stella year for ESS - and holders