Don’t forget this statement from the company also:
“The Company determined the rectification works that were being conducted to advance the ramp-up phase of continuous operations and progressing production operations may not achieve economic viability in the short term, and whilst lithium markets remain subdued, elected to preserve capital and not invest such funds into the operation. The Company will maintain and preserve the 2,000tpa facility during this period.”
…and as far as “commissioning” goes, I presume we are all aware that the plant didn’t simply fire up as intended, and that there is ongoing rectification works to enable ramp-up of production (now paused); but there is also circa 80 tonnes of carbonate sitting on the shelf, that demonstrates the “working condition” of the plant wrt technical capability to process the brine, albeit not near the designed throughput yet.
ps. What does 80 tonnes of carbonate look like?
Something like this:
AGY Price at posting:
3.8¢ Sentiment: Buy Disclosure: Held
(20min delay)