Ann: Rincon Lithium Project - Progress Update, page-155

Can you clarify the difference for us between 'reported OPEX' and 'projected OPEX', and then maybe add, Olaroz is significantly more profitable per tonne than Rincon, based on nothing more than their OPEX not increasing before AGY stage 3 is completed.


The last reportedOPEX from Olaroz was $6088 per tonne, whereas AGY have projected OPEX of US$7500 for Rincon Stage 3. That makes Olaroz significantly more profitable per tonne than Rincon, based on nothing more than OPEX savings, even though the majority of their production is lowly tech grade.