I'm not sure if someone else has highlighted this part of the quarterly report, I think this shows that the company is ( as it should be), looking at all options to increase capacity and reduce costs. I mean a 30%-40% increase in Technical grade production, not sure what that represents in a $ value but you would think it is significant! AND then the increase in recovery from 75% to 95% or 20% that seems significant as well!! Continually fine tuning the business, so 2023 is looking very good barring any Black Swan event.
cheers to alth's
OTHER GROWTH PROJECTS Olaroz Stage 3 - Olaroz is one of the largest lithium resources in the world and has multiple development opportunities. Options are being considered for a material increase in production capacity and studies are underway into conventional and alternate processing technologies. Purification Facility - A dedicated purification facility is being considered for construction near Jujuy, Argentina. This would allow Olaroz Stage 1 to be a dedicated technical grade facility with a commensurate 30-40% increase in production. Engineering studies are currently at a Class 3 stage. The purification process would benefit from lower costs and better sustainability performance. Enhanced brine recovery - Technologies are being reviewed that may see an increase in recovery from 75%-95% at both Olaroz Stages 1 and2. Pilot tests are underway and a Feasibility Study is targeted for H1 CY23.
AKE Price at posting:
$14.65 Sentiment: Buy Disclosure: Held
