OK, construction complete and handed over to operations, inclusive of performance testing... it's well and truly KMS baby now and showtime!
Little over 2 months of ore production and unsurprisingly running under 50% nameplate with commissioning issues, but "first full quarter production expected during the March 2024 quarter". Still ramping up so won;t hit nameplate until later in the year, but results will be instructive obviously.
The biggest concern so far is recovery of HM to HMC product... running at 35% recovery of HM in ore to final HMC Product (ie 34,349t con from 740.5kt ore @ 13.3% THM). That is a long way from ~56% recovery of HM to HMC Year 1 according to FID BFS in Year 1 (starting Q1 2024, assume 14.7% THM) and ~62% recovery for Year 2 & 3 (assuming 14.5% THM). A lot of HM must have been rejected to oversize, in addition to lower recoveries expected during ramp-up, which has always been one of the key risks for TB. lot of work to do on that front...
The first 4 years have a higher grade of THM, certainly of VHM, than the rest of the deposit, starting at 15% for the starter void (vs 13.3% so far) but averaging 13.7% THM over first ~9 years.
"Total ore mined for the quarter was 740,593 tonnes with an average heavy mineral (HM) ore mined grade of 13.3%. Total saleable concentrate production for the quarter was 34,349tonnes, including 26,910 tonnes of magnetic concentrate, 7,067 tonnes of non-magnetic concentrate and 472 tonnes of paramagnetic concentrate."
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 5B Cash Flow Report
OK, construction complete and handed over to operations,...
-
- There are more pages in this discussion • 17 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add SFX (ASX) to my watchlist
(20min delay)
|
|||||
Last
35.0¢ |
Change
-0.025(6.67%) |
Mkt cap ! $137.6M |
Open | High | Low | Value | Volume |
37.0¢ | 37.0¢ | 34.5¢ | $100.7K | 282.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 29707 | 34.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 228 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 29707 | 0.345 |
2 | 123095 | 0.340 |
4 | 59797 | 0.335 |
4 | 113913 | 0.330 |
1 | 5200 | 0.325 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 228 | 1 |
0.370 | 23588 | 1 |
0.375 | 104189 | 1 |
0.400 | 7500 | 1 |
0.420 | 30000 | 1 |
Last trade - 16.10pm 28/06/2024 (20 minute delay) ? |
Featured News
SFX (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online