Ann: HPA Project - DFS Update, page-48

Very good thought @Learning Fast. Build the plant bigger, produce bigger samples for customers. Get into producing HPA which will generate income for the company. Keep Speewah lease and the testing that the UNI is doing and once KRR have the money and a JV, develop the Speewah project and start shipping from Wyndham for the plant here in Perth or overseas as previously talked about on HC as well as in announcement 21-03-2019

@Rayda There were massive changes from the initial costing.
01-11-2018 $2 billion to $2.5 Billion was the figure given (Vanadium)

21-03-2019 $939 million with a 20% contingency and a OPEX of $46.44 per tonne mined(Vanadium)

25-10-2019 $525 million +/- 30% (Vanadium)
05-12-2019 Change of focus away from Vanadium to HPA. I can understand the reason behind it now, as the price just dropped for a year. The price has climbed back up to $12 US per lb or around $26,000 AU per tonne. KRR with the worlds largest vanadium deposit, coupled with if all goes right (Which it looks like) producers of 5N HPA it should be in a very commanding position for the future. Especially with the Australian government getting involved in grants.

16-06-2021 & 24-01-22 CAPEX of A$203m which generated annual EBITA ofA$193m and project NPV of A$1,043m and IRR of 50.8%. (HPA)

A 5NAluminium Precursor Plant will initially be built, to minimise the CapitalExpenditure (CAPEX) for entry into the market and with an expected high rate ofreturn.

16-03-2022 The current plant design for the 2000tpa 5N Aluminiumprecursor plant with the more economical and environmentally friendly way toproduce High Purity Alumina, it will reduce the CAPEX even lower.

My comments/posts are based completely on myown experience thoughts and interpretation along with my current financialposition at the time.
Conduct your own duediligence, consult a licensed financial advisor or broker before making allinvestment decisions. As usual, all constructive criticism welcomed. Good luckto all that hold.