Thought I'd update the 'things to look forward to' list I made in August:
Complete FY23 financial report (Aug) Reported, was more or less as expected, some negatives and some positives (29th Aug).
- Outcome of judicial review re C&L at LAMP (Sept-Oct) Amendment to our licence, continued c&l at LAMP (24th Oct).
Upcoming - First output from Kal (Sept) We are still waiting for the official word that production of carbonate has commenced.
- Drilling results from Mt Weld (Sept-Oct) Should be any day, as per the latest comments by AL they are waiting for assays. She mentioned they are 'very eagerly waiting' for the the results..
- EPA approval of Mt Weld plans (Sept/Nov) EPA reported on their assessment today, take away message is: 'The EPA recommends that the proposal may be implemented subject to the conditions recommended in Appendix A. ' From a cursory look it's pretty much standard stuff. Appeals to be lodged before Nov 30, so ministerial approval wishfully before the end of the year, but more likely ~January.
- Ground breaking at US site (January-March 2024) Based on the latest comments from AL, this timeframe is still probable.
New -Update re Light REE in the US (Nov-March 2024) I believe the current contract for light REE is under re-negotiation. My guess is that the new contract will be 5-10x $ of current one. If correct, this could drop any time from now to early next year. While speculative, AL did kind of hint at this at one of the recent calls.
-Reaching 750 tpm production (June 2024) As per comments from AL, we are essentially ramping from January onwards, to reach 750 tpm by ~June (equivalent to 9,000 tpa NdPr).
LYC Price at posting:
$7.06 Sentiment: Buy Disclosure: Held
(20min delay)
