CXO 8.79% 8.3¢ core lithium ltd

One of the oddities within the July 2021 DFS was that year1...

  1. 2,703 Posts.
    lightbulb Created with Sketch. 5799
    One of the oddities within the July 2021 DFS was that year1 involved mining 507,070t of ore (at a very nice 1.48% grade). The plan was to crush/screen 85,000t enabling 15,514t of DMS output and a maiden shipment of 12,500t. The next four years were normal volumes at 182.5k to 192.5k/yr. Ore extraction was planned to be significantly ahead of DMS ore processing. With the mine ore crush and screen volumes being 1,080kt in year two this RoM for the DMS was modelled to reach 20 weeks ((507kt-85kt)/1080kt)*52.

    Clearly extracting ore from Grants during the wet is more difficult than during the dry period. It would be interesting to know whether Core's plan in advance of the next wet season is:
    1. Install more pumping capacity so that the mine pit stays dry, with possibly a lower slope on the access road to the pit
    2. Double-time extraction during the dry season so that the RoM at the start of the wet season is measured in months not weeks (I'm presuming that wet weather doesn't significantly impact DMS or other flat surface activities once unprocessed ore is out of the pit)
    3. A re-evaluation of BP33's timeframes mean they think these can be significantly reduced and ore can be accessed by the next wet season

    Thoughts?
 
watchlist Created with Sketch. Add CXO (ASX) to my watchlist
(20min delay)
Last
8.3¢
Change
-0.008(8.79%)
Mkt cap ! $177.3M
Open High Low Value Volume
9.0¢ 9.0¢ 8.3¢ $4.722M 56.06M

Buyers (Bids)

No. Vol. Price($)
3 1606055 8.3¢
 

Sellers (Offers)

Price($) Vol. No.
8.6¢ 110070 6
View Market Depth
Last trade - 16.10pm 21/06/2024 (20 minute delay) ?
CXO (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.