I feel sorry for the masses as they are no closer to processing anything since they PIVOTED from Nichel 10 years later…The BFS bared no fruit which cost over $10,000,000
@potchip it is very easy to be found name dropping, the same now occurs at MRC where MOU are worth very little while the finer details are never displayed…The Optics can promise all types riches but the reality is never in sequence…I have recently commented a certain poster gets way to early and today’s announcement another endorsement of that…
Lindi has done what no other peer project has been able to do by taking their project to development fully debt funded and now advancing construction…The construction period now well advanced with ROM nearing completion and still not expending one dollar from the debt facility…
So far the 12 month grace period is yet to begin…Dry commissioning 3rd Quarter followed by Wet commissioning…EGR confirming fresh mineralisation as the preferred body of Ore today…Common sense advised this…
With Lindi being underpinned by premium expandable markets there is no need to shape the graphite where it takes 3 tons of graphite product just to produce one ton of product…
Lindi cut off grade is 4.4:1 ton for one ton of material product…At grades of 20% TGC requires 22 tons of feed stock to produce one ton of flake graphite product
If we analyse those numbers and reduce strip ratio as per most other modelled projects the numbers become quite alarming…
The project has a strip ratio of 2:1 for one ton of feed grade product at 7% TGC life of mine…This would result in fourteen tons of feed grade for one ton of product…Now let’s go further as this is battery grade that needs to be shaped to spherical for maximum density…It takes three tons of product to develop 1 ton of spherical graphite…
This is 42 tons of feed grade product to produce one ton of spherical grade product at 99% purity…
While Lindi is low risk at only 22 tons to produce 1 ton of product…If we advance this out a little further it becomes even worse for battery grade…
The processing cost at Lindi is $352 per product there about’s…It cost SYR another $107 million for a 6,000 ton expansion in downstream processing…They have already funded the startup so just making this point clear…It cost SYR another $107 million for a 6,000 ton expansion while another project quoted $50 million for 15,000 tons…Hmmm
Has the market really woken up yet…? Imo No based on the above details provided…
While many seem to be upset that Lindi optimised their project many ran with larger scale of projects that have either never made it to market or failed when doing so..
If we get the crystals out, the markets are not taking advanced technologies seriously enough…RED FLAG The market already agrees a higher performance battery is required and this is evident in the anode composition…
Battery technologies are developing quickly now while 3rd generation batteries are ten years in development…It has long been known silicon holds superior density making it the ideal anode material…Silicon holds almost 4000 mAh per gm while the best graphite battery today has a capacity of 350mAh per gm
Silicon had its problems excellent charge rates and massive capacity but where it did fail was is expansion…This resulted in only a few cycles and the battery had already reached its knee point rapidly losing capacity…This has long been a problem but like all things yesterday problems are generally overcome through research and perseverance…
Already today from company announcements 2000 mAh per gr is being achieved on over 290 cycles…This battery will do over 2 million Km per vechile
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