ASX Today, page-25053

What have we done in the last 12 months to deserve this?








What have we done in the last 12 months to deserve this, despite Spodumene price rising from $1,000/t to USD8,000/t?

• We’ve obtained the permits and started construction.
• We didn’t announce what we ate for breakfast, lunch and dinner.
• But rather the following:
• • The on-time delivery of a high-quality Definitive Feasibility Study that confirmed Kathleen Valley’s status as a Tier-1 global mining and processing lithium asset with exceptional metrics and outstanding financial returns.
  • The signing of a pivotal Native Title Agreement with the Tjiwarl Native Title Holders, an agreement that sets a new benchmark for positive collaboration and partnership with Traditional Owners in the Western Australian mining industry.
  • The completion of a well-timed A$463 million capital raising, which secured the equity component of project funding and put the Company on an incredibly strong footing to secure our final customer off-takes and make a Final Investment Decision (FID).
  • The execution of binding off-take agreements with a Tier-1 customer group comprising LG Energy Solutions, Tesla and Ford, as a result of which we have locked away 90 per cent of Kathleen Valley’s start-up production capacity.
  • The execution of a financing facility agreement with Ford for a A$300 million debt facility on very attractive terms – a high-profile funding arrangement that has attracted global attention and ensured we have the required funds for the development of Kathleen Valley.
  • The announcement of a Final Investment Decision (FID) for Kathleen Valley, the diligent progression of permitting and Front-End Engineering and Design (FEED) activities, award of key contracts and the commencement of site-based construction activities.
  • The completion of our maiden ESG report and the establishment of a Climate Strategy Roadmap that puts us on a trajectory as a company to achieve net-zero emissions
  by 2034.
  • The Company’s inclusion in the benchmark S&P ASX-200 Index of the ASX and the MSCI Australia Index, reflecting the substantial increase in its market capitalisation, daily trading volumes and the depth of our
  share register.
  
  
  
• 
  
  
• 
  The longer it stays flat, the higher it goes. Is this true? For the best answer, I suppose we can ask those who sold in May 2019, March 2020, and July 2021. What do you think?
• 
  
  
•