HIGHLIGHTS:
In-situ lithium mining inventory continues to build with over 3,000t LCEaccumulating in ponds 1, 2 and 3
• First production from HMW is targeted for H2 2025. Overall projectcompletion is approximately 40%. Project construction continues to advanceat a pace commensurate with preserving cash
.Average brine flow rate, lithium grade and evaporation rates are in line withor better than those utilised in the Phase 1 Feasibility Study
• Pond inventory management system in place to protect inventory andoptimise evaporation process• Offtake partners shortlisted with Galan progressing towards a definitivesales agreement and associated funding package.yes but what have they achieved at AGY? Isn’t it a hundred odd tons of battery grade LCE ? No mean feat in itself based on the snail like progress of Arcadium to expand its output, but hardly inspiring to an funder to hand over $ x hundred millions.
On the other hand look at the above. Check the photo of the ponds in the annual - massive evidence of solid progress and everything working as it should. That in itself is proof to date the designs, pumps, wells etc are working to plan or better.
Have a second look at the photo- for a lithium junior to get that far is an incredible achievement. It has to indicate to a funder the competence of the management in this regard and the quality of the resource means that with the $$$ they will get it done.
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