Ann: GOULAMINA LITHIUM PROJECT DEFINITIVE FEASIBILITY STUDY, page-7

  1. 10,250 Posts.
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    Obviously the processing change to flotation rather than DMS has seen the DFS fall back to today rather than initial April plan as extra work needed.
    No loss given the state of the lithium market this year.
    No need for an expensive sulphate plant with a standard product - and cheap transport keeping costs of production down. Perhaps later when capex can be financed with earnings - and the market is bit more transparant with their demand.
    Maintained good recoveries with new plan - simpler processing. Grind size can increase with the flotation plan - good result.
    Easily achievable capex.
    I hope we can finance a good portion of it from gold revenue myself to limit any dilution, but looks like the Dr has another strategy in mind. Time will tell though as I'm sure they'll keep an open mind on development as the market develops.
 
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