Here's a brief summary of what he said- Many of our peers have a market cap above their NPV
- Average strike 58m - very large resource
- Crushing circuit is being built to stage 2 capacity
- Mt Cattlin $250m in one quarter in 2 shipments (shown on slide as a tiny dot), demonstrates the size ours will be.
- Confident with 80% receovery, 4 test work programs done, results high 70’s low 80’s
Ganfeng did 4th test, flow sheet improvements, then processed it into Battery level Li Hydroxide
- Due to above average 58m strike means mining ore for long periods with very little waste makes it cheap mining
- Ganfeng converter in China built especially for us, only stage 1 size, stage 2 offtake available
- Ball mill tender has gone out
- Sterilisation drilling completed had a 40m + 20m contact awaiting assays, may need to mine that 1st before backfilling for put waste rock facility there
- enormous potential to increase resource, but don’t need to at this stage
- Expect to have the debt facility this Q
- Entitlement offer will ensure we’re fully funded
- Expect to have the prospectus out this month
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