My understanding was that they're saying the DFS is still valid when that volume is achieved - potentially with a delay to achieving full stage 1 output.
The ramp up phase is now defined as 50ktpa initially with a view to grow to match signed offtakes (in an attempt to minimize capital expenditure).
It's a fair plan, very risk adverse in response to current market conditions and uncertainty.
Fully agree this should have been included with the announcement on Friday however.
Ann: Investor Webinar - Market Update, page-179
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Last
0.8¢ |
Change
-0.001(5.88%) |
Mkt cap ! $27.42M | |||
| Open | High | Low | Value | Volume |
| 0.8¢ | 0.8¢ | 0.8¢ | $176.1K | 22.01M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 61 | 21751321 | 0.7¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.8¢ | 5295694 | 3 |
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| Last trade - 16.10pm 15/10/2024 (20 minute delay) ? |
| ADN (ASX) Chart |