Ann: Helikon 4 shaping up to materially extend Phase 1 life, page-44

Well its been becoming obvious for a while now that the Sept "objective" was unlikely to be meet so should have come as no supprise. However the reason behind it is positive to the longterm future of the company IMO , when your dealing with projects that have no particular end in sight and expansion in mind , time spent getting it right the first time can have big implications , delays at the start become insignificant and soon forgotten about, certainly frustrating when your living in the moment.

Its likely potential funders will be involved n these decisions as well, after all if the're providing funding they want the best outcome as well. Its not an easy business environment at the moment unfortunately , the only real positive is the price of Lithium but as we are not a supplier at this point even that has limited benefit.

Finally some assays have arrived and with some great drilling results, that along with flow sheet improvements at the plant will result in better overall economics which is what everyone wants.
The bottom line is at this stage FID has moved to the Dec quarter and may extend into the March quarter but with a more robust project and extended LOM...this is not for the faint hearted and probably best put in the bottom drawer....

Cheers Whisky