- The $50m Placement provides capital to cover activites at HMW, Candelas and GBS
- Funds will pay for drilling @ HMW to establish well fields for production and covert current resources to reserves
- Looking to find synergies between HMW & Candelas
- Candelas 10-15kt potential which could lead to 40kt total project capacity (Obviously way way way in the future)
- Resource update from current drilling currently @ 2.3Mt and "There will be upside from there"
- Bore wells are for DFS to create a dynamic model/reserves.
- Engaging consultants for design of Pilot Plant to confirm 6% lith concentrate which IMO is fast-to-market strategy prep and also to confirm battery grade LCE.
- Engaging consultants to redesign pond system (Guessing to include Casa Del Inca lower flat ground to help get to 25kt and reduce CAPEX)
- The $50m Placement provides capital to cover activites at HMW,...
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