General Discussion Banter GLN, page-11163

I have now updated this chart to take into account ownership (i.e. the size of the bubbles and position on the x axis is prorated based on the ownership). The ownership is included in the label when it is less than 100%. Apologies for spamming this thread with this chart - this should be my last update for a little while.

For AVZ I'm using 51% at this stage which is my understanding of where things were at before they went into suspension. I will update once we get a definitive final outcome.

The AVZ resource in and of itself, is nothing short of amazing in terms of size and grade. However, once you take ownership into account you can see that Galan almost has AVZ covered on an LCE basis. If Galan can get into 4ktpa pilot production without resorting to a JV and with minimal dilution by leveraging an offtake prepayment we will retain this place on the chart and likely improve further with the expected resource upgrades - obviously this would be a brilliant outcome.


Sidebar: I did have a small calibration issue in the previous versions of this chart which made the hard rock bubbles bigger than what they should have been. This is now resolved so the relationship between Sigma and Galan, or Liontown and Galan (for example) now looks much better - e.g. the Galan resource and therefore bubble is bigger than Liontown.