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

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.
  
  
  
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  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?
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