Is anyone else annoyed by this announcement,
First of all, EGR completed commercial-scale testwork which showed we were achieving a ~60% yield from the shaping equipment, this indicated Kwinana's 20ktpa facility could produce 24ktpa of spherical graphite, the only limitation on capacity might have been with the purification process.
The program demonstrated that by improving the design of the mechanical shaping plant, an
overall product yield in excess of 60% can be achieved, which compares favourably to
previously reported yields of 50% (refer ASX announcement Successful Completion of
Feedstock Optimisation 16 March 2020).
https://www.ecograf.com.au/wp-content/uploads/2021/07/EGR-Commercial-Scale-Program-Delivers-20-Product-Yield-Increase-Final.pdf
2. Do we need to update our regulatory approvals which have taken 2 years to obtain and complete a new engineering design?
Or do the existing approvals/design allow for the ~25ktpa production (62.5% conversion) from the existing layout due to the increase yield from the shaping equipment?
3. - What is the CAPEX? Do we need an additional study, more equity where our shorters will cover?
4. Is it just me or is Andrew continuing to show shareholders we require a new CEO who can stick to the plan and bring online what we already had fully funded and approved - Stage 1 production and conditionally funded stage 2.
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Is anyone else annoyed by this announcement,First of all, EGR...
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