@GARETH78 If you go back to the DFS, they say there that the...

@GARETH78 If you go back to the DFS, they say there that the first 5 years the orefeed grades 1.56% Li20 (Table 8) - Post #: 57483407. Since that DFS they have actually also identified higher feed areas - so the average grades for the years 6 - 10 and mine-life I would suspect be higher than the DFS assumptions for those years (from year 6), but LTR needs to provide that guidance. Will be interesting what the average feed grade is first 10 years. Because that is where the money is made, especially in aiding your own self funded expansion from your established first stage of 3mtpa nameplate to then moving to an expansion stage to reach 4mtpa in 2027/28 or higher nameplate as per my previous post, and I suspect why banks have been willing to lend at a guess.

Also how Stage 1, been 3mtpa nameplate translates to concentrate produced is a function of the grade of the feedstock, its deleterious element count and recovery rate. The higher the Li20 in the feedstock and the lower the deleterious elements count the better the chance for achieving the recovery rate and 6% concentrate specifications buyers want. So looking at 600,000 tpa 6% grade concentrate if achieve recovery rates is my point for at least the first 5 years (assuming no expansion scenario of nameplate).

I guess they are going through a dry commissioning stage at this stage, before moving to the wet commissioning stage later in this June quarter quarter and then first production at either end this quarter or start of the 3rd quarter, - refer this Ann Post #: 72374035 - so would be interesting what the upcoming March quarterly here divulges particularly on how dry commissioning is going.

Would be interesting in future whether LTR also provides additional information around the grade of feedstock it is now expecting over project life as well.

All IMO