Ann: First Full-year Profit as a Lithium Producer, page-128

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01/10/23

10:38

Post #: 70117684
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Originally posted by Cosmoterios: ↑

You can read the quarterly and compare the two.

Quarterly: Our operation remains in its start-up phase. In aggregate the team has achieved a combined 14 weeks of
plant operations on a campaign basis since first concentrate was produced and access to the pit,
uninterrupted by rain events, was achieved in mid-April. Using this early operating experience, we have
undertaken a thorough budgeting and forecasting process and provided production and cost guidance for
FY2024 and an early view of the 2025 production outlook.Production forecasts are lower than what was
anticipated in the July 2021 Definitive Feasibility Study and cost expectations are higher. Following this
review, we are working through a suite of improvement projects to drive Finniss operating performance to
deliver higher mining rates, improve lithia recoveries and commercialise the fines products.
As is common during the project start-up phase, we are continuing to better understand the Finniss ore
processing characteristics and mine performance with several key learnings being implemented. Grants
remains the starter operation which is delivering near-term cash flow to fund our growth. BP33 is the next
mine to be developed and the more significant operation which underpins the business.

compare that to the above post.

"Core is evaluating options to optimise this productionoutlook byincreasing the ROM pad stockpile over time, such that the processing plant can have more reliable ore feedstock after considering mine scheduling and the wet season, increasing the DMS plant throughput and/or DSO sales to bring forward revenue into FY25."

since the June quarterly, they have come up with some plans to increase DMS plant throughput and/or DSO sales for FY25 - which should increase our production and income for FY25

still early days, nonetheless, good to see the company working on the problem and updating the market.

https://hotcopper.com.au/posts/70117033/single

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They put aside a few million to improve recoveries. We should see the results of that by next year.

Also there was an issue with the amount of fines. In theory, the deeper you go in thr pit, the better the mineralisation. So hopefully we get 60% or more recoveries soon.

CXO Price at posting: 40.5¢ Sentiment: Buy Disclosure: Held
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