“Ongoing developments
The current HMW Project exploration program is progressing well and as planned. Several new diamond infill holes are planned for the next quarter, in parallel to the production wells program outlined above.SRK Australia is on track to complete the HMW Project Reserve model and updated resource estimate during Q1 2023. The HMW Project Definitive Feasibility Study (DFS) also continues to advance, with expected completion in a similar timeframe.”
Into the last month of Q1 23, and we have confident expectations that the DFS is coming in as advised by the end of this Qtr.
Now, there may, or may not, be offtake agreements in there, or something on the basis of negotiations being made. Either way, for the sake of a few weeks, it doesn’t seem worth making a fuss about.
What will almost def be spelt out is the LiCL strategy, and I’m supremely confident it will map out a very viable and lucrative path to early cash flow then probably onwards to lico3 production.
It’s well known that to produce and sell lithium carbonate takes years from where we are at. Probably at least 4. Just getting the product qualified takes over a year. On the other hand we could be selling LiCl early 2025, and at a good price. When this strategy is explained in the DFS, I expect good things to happen, very good things.
Its close.
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