Without Springdale and their own feedstock supply the project doesn't make sense.
RNU & MRC won't be selling small / fines flake to the market. RNU will be fully integrated and utilising its own feed for its downstream PSG plant in SA, Whilst MRC will be shipping product to itself in Europe. Sure you might be able to secure coarse flake, but that is no good for the #1 Target Market of participating in the EV revolution
Resource Expansion at Springdale is critical, both in finding additional tonnage, as well as upgrading existing inferred resources into the higher confidence indicated or measured categories.
When the drilling campaign is complete, the Geo's can get to work with an updated block model and resource estimate. The Engineers can then take that block model into a feasibility study that will result in an Ore Reserve Statement + An economically viable integrated project.
General Discussion IG6, page-4
Add IG6 (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
12.0¢ |
Change
0.003(2.13%) |
Mkt cap ! $22.60M | |||
| Open | High | Low | Value | Volume |
| 11.5¢ | 12.5¢ | 11.5¢ | $49.29K | 410.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 7 | 433187 | 11.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 12.0¢ | 73839 | 1 |
View Market Depth
| Last trade - 15.57pm 08/05/2024 (20 minute delay) ? |
|
|||||
|
Last
12.0¢ |
Change
0.003 ( 0.00 %) |
||||
| Open | High | Low | Volume | ||
| 12.0¢ | 12.5¢ | 12.0¢ | 128831 | ||
| Last updated 14.23pm 08/05/2024 ? | |||||
| IG6 (ASX) Chart |