“We want to increase our production rate by the third or fourth...

“We want to increase our production rate by the third or fourth quarter of next year, significantly increase our reserve base over the next 12 months and look at bringing more deposits on stream,” Mr Calderwood said.

“We’ve got more than 950sqkm – that’s a big area with lots of LCT pegmatites throughout, so there’s room for us to bring another operation on stream or to continue increasing the existing one.

“It’s only recently we have realised demand will grow as quickly as the bulls are saying – we have started off with a modest production target, but we’re exploring ways to double or triple that production rate.”