NRZ 0.00% 0.4¢ neurizer ltd

This is fantastic, best qtr report in a while. Highlights for me...

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  1. 460 Posts.
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    This is fantastic, best qtr report in a while.

    Highlights for me are $16.5m cash at hand, and extension of CBA overdraft to $6.5m
    Approvals documents with the SA Gov in draft format, looks like more Geological information is required though.

    I think uploading the draft documents to the LCK website shows a high level of confidence too, well played LCK.

    I think we all probably knew flaring wasn't going to occur in December so no surprise there

    Take a read of the EIR and SEO, talk about characterising LCEP as a model ISG site:

    - Groundwater - Salinity - Saline - 5000 - 35000 TDS
    - Groundwater - Yield - < 10L / Day
    - Groundwater - Hydrualic Conductivity - 1m to 1mm per year - 600 to 60,000 years to reach nearby pit 600m away
    - Groundwater - already contains BTEX and PAH compounds (potent carcinogens)
    - Groundwater - numerous environmental reports showing extent of contamination from previous life as a coal mine
    - Geotech - Subsidence - Typical rule for underground coal mines is subsidence will extend to a height twice the panel width, subsidence for PCD might extend 60m above gasifier chamber (which is >500m from ground surface)
    - Aboriginal Cultural Heritage - cultural heritage agreement with Adnyamathana Traditional Lands Association and cultural heritage clearances have been undertaken
    - Air Quality - already coal odours over nearby towns, along with sewerage odours from nearby town caravan park
    - Flora & Fauna - nature of project is below ground, minimal disturbance required above ground beyond what exists already
 
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