Yes, imo this clearly adds to the de-risking and helps to justify the business case for partnership/investment wrt the expansion.
It’s funny that the haters still can’t - after all these years - comprehend the development strategy and prioritisation that the company has chosen.
The company made it very clear from the early days, yet the armchair experts still criticise them for not taking the “traditional” approach of defining a large resource and sitting around pointing to a shiny DFS and doing essentially nothing while hoping someone will stump up many hundreds of millions for development based on external/third-party/lab samples and a paper study. That traditional approach sometimes fails miserably even if the resource is FAR better quality.
DYOR.
“Many others in the industry, the big guys including POSCO, Eramet and Sentient and Galaxy/Allkem have been there for many, many years and struggled to get the technology right.”
“So, we took a different approach, to focus on proving up that technology first. It is now [at a point where we are] comfortable investing money building lithium processing facilities.”
“Early days he (PA) said ‘Jerko, it’s not about finding the resource in this game, it’s about getting the chemical processing right’.
“It not easy. Many others have been there and tried it; big companies with big resources and big bank balances that still couldn’t pull it off.”
“Obviously, feasibility studies are important, but again — you are relying on a flow sheet or a chemical process that no one has ever tested operationally before.”
“We have seen feasibilities fail in the past in this industry. For us, the best feasibility is to build an operation.”
“Anyone can make anything work in a lab. You want to make it work on an industrial scale.”
“You can then modify your technology before you go and spend big dollars.”
“[Our approach] is unconventional, and not the pathway that investors like to see but we believe in our strategy, our expertise and experience. We think this is the way to do it.”
—
Apparently the laymen HC crowd of landscapers, biologists and public servants etc know better, of course.
Of course they do!
lol
This is simply another step forward for the company, on its development pathway.
Great.
IMO
DYOR
Ps. “remain open at depth”
Nice.
AGY Price at posting:
3.7¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)