It may be academic in light of today's announcements, but for those looking forward to a nameplate party, it draws ever closer...
From November 14 last year "Increases continued in October, with modest over budget production at 1,227 tonnes for the month"
From today's quarterly Record production through the December quarter at 3,937 tonnes of lithium carbonate, up 84% on the September quarter, (QoQ) with consecutive increases month on month.
So November & December would be 2,710 tonnes = 16,215 tpa = 92.6% of nameplate
December will of course be higher than this as production showed consecutive increases month on month
Somewhat less academic The harvest pond inventory continues to increase generally in line with expectations and is at maximum levels. The Company is encouraged that the performance of the pond system is much as predicted from production model.
There we have the emerging picture of sustainable performance - a system behaving in line with predictions.
It has been a long time since we have heard of quality problems. "Since operations commenced Olaroz has developed a strong customer base of >70 customers who have tested and accepted the high grade Purified and Prime products. The Purified product regularly tests at 99.9% lithium carbonate and is sold to battery and cathode end users. The Prime product regularly tests at 99% lithium carbonate and is sold to a variety of technical and industrial end users. Neither of these products require any additional processing for their respective markets and uses."
I don't think we'll be hearing those rumours again
All good in the plant and process...
ORE Price at posting:
$7.17 Sentiment: Buy Disclosure: Held