Tell us why the delays, tell what further info requested.
Tell us if it’s because they're changing to a 10mtpa plan.
*To Remind,
AVZ and CATH have also agreed to evaluate and progress a study to increase annual production, expanding Dense Media Separation (“DMS” production capacity from a 4.5Mtpa throughput producing approximately 0.7 million tonnes of SC6, as contemplated by the Definitive Feasibility Study dated April 2020 (“DFS”, to a 10Mtpa DMS throughput producing approximately 1.6 million tonnes of SC6 (“Expansion Scenario”.
These studies were commenced in early September and are expected to be significantly progressed by AVZ by end of December 2021.
Under the Expansion Scenario, CATH will fund its equity share of the additional Manono Project development capital expenditure and increase its SC6 offtake commitment to approximately 50% of annual production.
The Expansion Scenario will significantly scale the size of the project and further de-risk the fundamental economics of the Manono Project.
The parties will also assess the feasibility of developing a lithium hydroxide facility once studies currently underway are completed on this process.
This company could be MASSIVE it just needs direction.
Come on Nigel, time to get on that plane for some face to face time IMO.
This company could be MASSIVE it just needs direction.
Come on Nigel, time to get on that plane for some face to face time IMO.
Might be time to get off the Couch and on a Plane to the DRC asap Nigel
Instead of trying to organise SH Presentations around the Country that achieve sweet FA
Food for thought on that Imminent ML Xmas Present
Frank
AVZ Price at posting:
70.0¢ Sentiment: Buy Disclosure: Held
production capacity from a 4.5Mtpa throughput producing approximately 0.7 million tonnes of SC6, as contemplated by the Definitive Feasibility Study dated April 2020 (“DFS”
