CXO 8.79% 8.3¢ core lithium ltd

So the main issue with the reduced forecast to 100ktpa is mainly...

  1. 435 Posts.
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    So the main issue with the reduced forecast to 100ktpa is mainly an issue of reduced recoveries (currently at just under 50%) versus 70% (what PLS etc are getting).

    Most producers went through the same process, including PLS, early in their mine life. It is universally a problem.

    It has to do with getting the feedstock processes right, and getting the right additions to filter out different impurities.
    This is mostly a processes of trial and error, and a unique process for every mine an orebody. It usually takes about a quarter and a half to get right.
    As CXO pointed out, all major mines have managed to get this up to 70+% eventually, and they are confident of getting this up.

    Unfortunately there is not much you can do to speed this up, as each ore is slightly different.

    Given it’s only a few weeks our DMS has been running, I am fairly confident we will get to an industry standard of 70% with a bit of time, and beat our forecast.
    Last edited by Jlock: 24/07/23
 
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