Ann: Port Services Agreement Formalised for Export of Spodumene, page-51

CXO's reserve ore grade is 1.32% Li2O, receiving US$961/ton for DSO.

LLL's reserve ore grade is 1.52% Li2O, 15% higher grade, implied DSO price could be US$1,100/ton. Mining cost US$88/t + SGAUS$13/t + Transport $99/t + Royalty 6% = US$266/t total cost; profit margin US$834/t for shipping DSO.
2.3Mtpa processing capacity, let's say just testing 10% of annual capacity, that's around 230ktpa DSO, at US$834 per ton profit margin, that's ~$191m net profit per year.

The port facility available by 1 July 2023, is very positive, for potential DSO shipping, imo.

Just personal opinion.