More experience in resources than theboard of BHP we know what to do and how to do it.
1st GM from Syrahs project isour GM on site.
Graphite is not fungible – can’t swapbalama for mahenge product.
Manufacturer wants that 10 year warrantyon 3000 cycles- meet performance specification.
500t ore in last Pilot Plant cycle – 15 Tfine that we blew through commercial scale plant to understand economics, 5tonnes SPG, POSCO took 300kg out and put it into batteries and drove it intothe ground.
POSCO were on site in 2018, took 5 yearsto get to this point.
Graphitization – 3000* C for a couple ofweeks – electricity price = synthetic goes up in price.
Get to cashflow quickly – it’s nice to goto anode etc. If you have cashflow you have options.
Dividend NPV = real money.
Extremely clean concentrate – not muchmilling, 96-97% straight out of the box, 60% sits as large flake.
Geology gives a revenue live, geography givesthe cost line. 220kv line to project, connect project to hydrogrid to 8c aunit.
Logistics is critical, we have railwayline at Ifakara.
Plenty of containers back to Asia.
Cost to customer is key.
ESG crucial – EP4 and Equator compliance –key for debt.
POSCO will move to full form.
Debt financing – we have had to educatebanks on graphite. They’ve been on site. We are in front of credit committee atthe moment.
Inbound inquiries re: fines to modules2/3/4 – was initially capital initiative but good market initiative – modules2/3/4 have impressive value to companies short of feed.
