Personally, I don't think there's much new information in this quarterly. I understand that this is standard, as it is simply a quarterly. It doesn't need to present anything new. What I learned from it:
We've produced ~12 tonnes of product since the November update.
We've performed 78 trials with the aim to increase filtration rates and product throughput.
Some of the EIA details (final hydro data provided, updated timeframe). However, I'll believe it when I see the announcement. We have previously seen announcements with expected timeframes for the EIA process that have not been met.
Interesting summary of the Lithium market.
What we already knew:
The pond harvesting works have been completed.
The chemical process works have been completed.
The details of the MRE.
The pre-development works.
The details of the strategic partner process (we knew from last year's AGM that the timeframe for this was linked to the EIA. I have posted this on multiple occasions. At least it's in writing from the company now.).
That the company is in a strong financial position and doesn't require a cap raise. Hopefully this will quiet the FUDsters now, though I suspect it won't.
Hopefully the EIA timeframe is accurate and we finally have that signed off in Q1 so that we can learn the details of the offtake partner and expansion funding.
AGY Price at posting:
10.0¢ Sentiment: None Disclosure: Held
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