Ann: Pre-Feasibility Study Further Improves Poochera Economics, page-353

Now that we have a "positive" PFS, we can expect to see BOA's next. Whether that is in the next few week or months is probably trivial.

I don't think funding will be an issue with James stating in the NWR Conference presentation they have around 30 financing offers currently, so the big thing is the Mining Lease. Once we start to see progress with the application, hopefully we hear more of the "potential involvement with Andromeda as a business partner or cornerstone investor". The PFS was a precursor.




In the mean time there could a left field Ann about HPA and a potential collaboration. We saw the latest test sample of HPA but nothing further mentioned as yet.



Just a reminder from the CRU research piece:
Following completion of a more rigorous demand model, coupled with extensive
market discussions, CRU has found the unconstrained demand forecast for 4N+
(99.99% or greater) HPA to be significantly stronger than initial estimates
from 2018, where it was estimated at 92,900 tonnes (2025). In this recent
market report, CRU estimates that 4N+ HPA could in theory grow at 30% p.a.
from 19,000 tonnes (2018) to 272,000 tonnes (2028). However, more detailed
examination shows that this growth will likely be constrained by supply
limitations, and that such unconstrained demand growth would lead to a
large-scale deficit that would consequently spike prices to untenable levels.


ADN:
"the metallurgical response from the Carey’s Well deposit is excellent and appears to be a high purity, low contaminant feedstock for the basis of HPA production based on testwork supervised by BHM on ADN’s behalf. The use of a single stage of purification could be expected to result in a notably simpler flowsheet giving significant reductions in both capital and operating expenditures compared to processes developed and announced by other prospective HPA producers."

"This outstanding result has led to discussions with a Chinese company that currently supplies material to LG for battery manufacturing who are interested in utilising the halloysite‐kaolin as a premium feedstock for HPA production."