From the report
Just the lithium aspect - iron ore and the rest was good too
Not that it really needs an upgrade but..
We announced a JORC compliant estimate of the resources being 70,000
tonnes of lithium equivalent metal, and 2.48 million tonnes of Potassium and this will be upgraded
shortly as a result of the completed hydrological and engineering work completed over the year
where average porosity was measured to be between 32%-36% rather than 8%.
Also FUNDING is hinted at...
As part of our funding strategy we are seeking to sell 10% of production (1,700 tonnes of lithium
product) in a tender for ten years (17,000 tonnes in total). Our clients will pay as a lump sum the
“operating profit” component discounted on a historical cash flow basis. This money will be used to
build the final plant. It will be supplemented by bank debt and project finance.
I thought the report was a great read
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