Ann: First production delivered on schedule at Kathleen Valley, page-89

I would be interested in other posters' views about the following quote from the announcement... @Scarpa@anatol@Process1 or indeed other contributions are welcome.

"Full nameplate production of 3Mtpa is expected by theend of Q1 CY2025 with lithium recoveries expected to be optimised over the next 12-to-18-month period."

My take on it is that through this period the company will continually review the outcomes - of quality versus quantity versus recoveries - so that they can optimise the profitability of the scenarios. It was clearly stated at the last AGM that the intention/aim was to produce 6% concentrate. That is in spite of the possible capability of producing a higher grade at a still robust recovery rate. I may be "gilding the lily" to say this, but I imagine if all goes well, the potential recovery rate for high spec (for deleterious elements) 6% concentrate might be possible at higher recoveries than the forecast 78%-82%...say 85%? If that happens to deliver more bottom line benefit than producing say 6.3% concentrate, or perhaps higher spec output, then that is how they will set up the plant for "steady state" production.

What I do not think it means is that they have any doubt about achieving their targeted recovery at around 80% for SC6 from the getgo.

Regards
DF