Lithium Demand surge, page-245

Obviously you guys have a long dated resource.

Stage 1 has 40 year LOM at 350,000 tpa. Stage 2 840,000 tpa thus approx 18 year LOM. However, resource upgarde is due out any day now, thus extention to LOM on the cards.

Also note that Spod 6% price pt is currently sitting at US$950, and opex is projected at US$225 pt (after tant by product credit). Thus, at current spod prices, margins are 322%. While prices may level out from here, the demand pull is getting stronger each week (mass adoption of EV's and storage), and over the past few years, demand has suprised on the upside, followed by higher prices.

Mining the ore is a reasonably straight forward process, but processing the ore into a concentrate isn't. A number of companies build out there mine and process plants expecting to produce x tonnes pa, however, this rarely occurs, thus IMO, supply/demand fundmentals will remain tight.