Looks positive to me!next quarter should be a lot better!NAL...

Looks positive to me!
next quarter should be a lot better!


NAL revenue was A$58 million for the quarter, an increase of 152% compared to the prior quarter. The increase in revenue was driven by a 142% increase in concentrate tonnes sold by NAL in addition to a 6% increase in average realised selling price for the quarter. Total concentrate sold during the quarter was 58,055 dry metric tonnes, an increase of 142% on the prior quarter. Four marine cargos departed port during the quarter, with three cargos sold to the international lithium market and one cargo sold to Piedmont Lithium. NAL also shipped concentrate from the port by rail which was sold to Piedmont Lithium. The increase in sales volume Quarter on Quarter resulted from the carryover of a 2023 shipment for Piedmont Lithium that departed port in January 2024. Average marine cargo shipment size for the quarter was approximately 14,000 dry metric tonnes of spodumene concentrate. The average realised selling price (FOB) increased by 6% to A$999/dmt (US$657/dmt) compared to the previous quarter. NAL’s average realised selling price for the quarter was negatively impacted by the weighting of cargos to spot market prices. Lithium price indices stabilised throughout the quarter, with NAL incurring Quotational Period adjustments totalling A$4.5 million (A$77/dmt) relating to a December 2023 Quarter shipment. The estimated underlying average realised selling price achieved for the quarter, excluding Quotational Period adjustments, was approximately A$1,076/dmt (US$706/dmt).