I would go one step further and say we are ahead of where most expected us to be. The December Quarter 2024 presentation had a recovery rate of 59% for the last month of the quarter with a target of 70% recovery by the 3rd quarter of FY26. Correct me if I’m wrong but the 3rd quarter of FY26 is January to March next year? To have hit 70% recovery in February this year is excellent progress.
From memory management were also guiding last year I’d would take 15-18 months to optimise the recovery side of things with six months to reach the revised (downward from what was originally planned?) throughput volume.
Maybe one of our resident experts could comment?
Either way I think our re-rate had begun prior to the half yearly as we have been outperforming pretty well all the other Lithium stocks for some time and the latest information will only accelerate that.
‘Best managed company on the ASX by a mile…
LTR Price at posting:
64.5¢ Sentiment: Buy Disclosure: Held
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