1MC 6.25% 3.0¢ morella corporation limited

Ann: Stage 1 Operations Update, page-217

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    Li Spod comes out of our plant in 2 places: The first the DMS Li Spod coarse designed for 9,000tons per month (half stage 1), this announcement comments this section is now 7,500 tpm = 83%. This means that 50% of our output is now running at 83% = total of 41.5%.

    The second half of our output (Li Spod fines) also designed for 9,000tons per month, from the floatation plant really started kicking in in Dec, thus expect a jump in Li Spod output now, +1,000t in recent weeks and rampup of this expected by end Q1 2019, eg our second half of the plant is expected to finish rampup in a few months, say Jan 33%, Feb 66%, Mar 100%.

    Looking at the whole plant both outputs, Li Coarse and Li Fines assuming Coarse also finishes rampup in next few months:
    Jan 41.5% + 16.5% = 58% = 10,630t
    Feb 46% + 33% = 79% = 14,483t
    Mar 50% + 50% = 100 % = 18,333t

    All great news for the rampup over the next few months.

    All IMO DYOR
 
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