Thanks for the article link.So far there don't appear to be any...

Thanks for the article link.

So far there don't appear to be any mine size estimates. The North Aubry resource is currently 3.8Mt @ 1.38% (South Aubry increases that to 4.8Mt @ 1.25%). The 17 Jan 2022 drill hole of 40m @ 1.54% was beyond the existing margins used in this resource estimate so when included in a revised JORC recalculation it should increase in both size and grade. Lets hope for more hits.

Lets assume GT1 looks to get North Aubry into production first and uses its cashflow to further expand and get other resources into production. North Aubry already has slighly larger dimensions than Core's Grants resource which provides the first couple of years ore for its mining (Grants is 2.89Mt @ 1.49% Measured/Indic & Inferred and 2.1Mt @ 1.4% on the proved and probable classification). Core has a good strategy of getting into production quickly and using production cashflow to further explore/expand resources etc. If GT1 follows this strategy, they could also be looking at initial production of circa 200ktpa of 6% (or 12kt of lithium carbone equivalent). The decision on heavy liquid separation vs dense media cyclone separation (pg 226 of the prospectus) is likely to come down to a capex vs recovery rate question. With sky-high spod prices, the higher recovery rate is likely to win out.

Back to the article - it estimates that world production of LCE is 636kt/yr. This would mean that if GT1 was to get into production with 12kt of LCE, then GT1 could represent around 2% of the worlds current LCE production.

IMO onwards and upwards, especially with two drill-rigs now on-site and unlike a lot of Australian based miners - QUICK ASSAY RESULTS .