Browsing the prospectus, it felt like the focus is very much on the halyosite/kaolin (I’m very unfamiliar with both) and then probably the exploration potential of that land near Prominent Hill to drive the new company.
Campoona graphite is certainly thrown out there as a good project but straight up the narrative around de-risking the project via converting the resource to proven reserves and completing “economic studies” spells bug cash burn. Lots of drilling, lab work, feasibility studies… I can’t see it being progressed very quickly.
AXE Price at posting:
$1.82 Sentiment: Hold Disclosure: Held
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