Something doesn't quite seem right with this latest announcement - I'm looking at the schematic of the facility (fig 1) and to me it just looks a bit too simplified. I see two trucks parked, 3-4 large storage tanks, and several undefined blocks to house something else. It's as if its been designed by a primary school student.
This section too invites many questions ...
"Orders have been placed for all long lead equipment items for the electrolyte facility, with deliveries expected during the second quarter of 2023. Any statutory approvals required are being progressed. Site preparation work at the Wangara facility is expected to commence during April, in anticipation of the arrival and assembly of the electrolyte manufacturing equipment."
Its not clear when the equipment was ordered, but I wouldn't define "long lead" items as those that arrive within a couple of months. Also, they are scheduled to arrive between April-June 2023, but they plan to commence site prep work in April. Isn't that cutting it a bit fine ? Stat approvals are not yet approved either. And when does the building shown above get constructed ? Its only 2 weeks until we reach April anyway !
All IMHO, DYOR
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Something doesn't quite seem right with this latest announcement...
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