This is a summary of PLS progress from finalising project acquisition in July 2014 (had an MRE of 8mt). They took quite a while to drill out to 128mt as they did not employ many drill rigs - still only a few after a year of drilling. They did frequent MRE updates.
- Firstdrilling started in Nov 14, 458 historical rock chips highest grade 3.9%
- March 15 quarter started metallurgicaltests
- May 15 high-qualityspodumene concentrate successfully produced from test work
- June MRE 20.5mt- Jul 15started first PFS, first of many MOU offtakes
- Jan 16started first DFS (keep revising it as MRE increased)- Feb 16 MRE80mt
- March 16 initial PFS delivered- July 16 MRE128mt
- Sep 16 –initial DFS delivered
- 2018production
I expect AZS will bypass a scoping study and will come PFS steps this year maybe even 3rd quarter.
