That concentrate comes from planned waste material of mine development. As such, it was not included into ore reserves. During the lithium fever of 2022-2023 the board decided to sell it as DSO for early revenues because there was market for it: CXO was selling DSO as their first mine product and were making money, and the Goulamina mine in Mali (under development at those times) also announced that they will sell DSO, until Mali’s Junta stopped the plan… Probably there wasn’t royalties from non-processed material. Then, lithium market changed, LTR cancelled their plans to sell DSO, CXO came into C&M and Goulamina had to be sold to the Chinese. But more recently Sinomine came to us to buy whatever we have to sell, and we reactivated that waste material (low grade ore) to test the plant and start ramp up.
Here is the announcement about DSO by LTR
https://www.ltresources.com.au/wp-content/uploads/2023/08/61161766.pdf
That concentrate comes from planned waste material of mine...
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