Hi Frederic0 … the April 30 quarterly just said the OFS was “expected” in this quarter …
“Optimised Feasibility Study
A critical action in harnessing the benefits of the merger is AVL's engagement of Wood Group to conduct an Optimised Feasibility Study (OFS) for the integrated project.
AVL has been working closely with Wood Group to focus the OFS on realising the economic benefits of a single project on the orebody, with key work streams including:
optimisation of mining and processing schedules;
enhancing processing steps;
maximising concentrate quality and coproduct outcomes;
rationalisation of plant and infrastructure to optimise capital expenditure;
improving potential revenue by reducing operating costs; and
confirming the most economic vanadium, titanium and magnetite products.
The first phase of the OFS that will finalise trade off studies and inform the preferred project development pathway for the Project is expected to be completed within the June quarter…. “
AVL Price at posting:
1.7¢ Sentiment: None Disclosure: Held
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