LTR (ASX) Lithium Related Media Articles

Originally posted by anatol ↑

In general terms no ASX lithium producer don't give the details of their offtake contracts, they give mainly the tonnage but not the specs like grade, etc.

The company said the spod produced atm has a weighted ave grade of 5.2% . That might be coming from the ore which was prepared for DSO shipments before. But it's the past. That ore now being sorted through the ore sorting machine and might be already converted to spod.

More importantly we now have clean high grade lithium bearing ores are coming both from flat pegmatotes of Kathleen's Corner open pit zone and from underground tunnels atm.

The cost of producing spod from these clean high grade ores will be quite low in comparison to other producers.

On my post #:75112793 I posted this info;

We have already started spod production and we also have huge amount of mined, crushed and sorted product waiting for processing.

We have 216kt clean ore at the ROM pad which is being now processed in the plant.
That is a huge amount. We can produce around 40kt spod with that ore. (these images below are from old videos)

We also have reached to the high grade FLAT pegmatites at the open pit of Kathleen's Corner.
Mining high grade ore from there will be quite easy. It will be efficiently processed in the plant and converted to high grade spod. Here is one of the old cross sections of that area. You can see very high grade and FLAT pegmatites there.

Mining a flat pegmatites is very low cost because there will be no **bro waste material in it, only the CLEAN lithium bearing ore. It's like scooping a cake from a plate.

Kathleen's Corner

We have had 58kt crushed and stockpiled clean ore in plant.
That sits between the primary crusher and fine ore bin. That ore was the ore fed to the plant for first production IMO. That makes more than 10kt spod concentrate when processed.

We also have 251kt are sorting product (OSP)

which includes previously mined for DSO (Direct Shipping Ore) . This ore will be sorted and crushed in the OSP plant and will be feed to the process plant. That is a huge amount as well.

We also have 11kt clean and sorted product
which is I think being fed to the process plant.

And now underground ore mining has started.

That's the best ore type as it's also clean lithium bearing ore like the ore now coming from Kathleen's Corner.

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Thanks for that @anatol

Another question if I may? In the Q&A session after the LGES presentation TO said it would take 8-9 months (relying on memory here so happy to be corrected) to reach “nameplate” capacity. My take on this is that by roughly the end of March 2025 be should be producing Spod at approximately 500 000 tons per year or a bit over 40 000 tons per month. He also stated it will take 12-15 months to “optimise” the circuit, if that’s the right word, to reach our targeted recovery rates. Do these numbers sound feasible to you given that we produced 10 000 tons in our first month?

where am I going with all of this? Just trying to “Back of the envelope” some possible cash flow numbers from a different route than what you did the other day…

Oh, and by the way, all of our product has been sold at prices related to the Lithium Hydroxide price or, in the case of Sinomine, at a price related to the Lithium Carbonate price. So everybody quoting a Spod price, noting that for incumbent producers there are a wide variation of prices received, needs to realise the final price we receive will not be known for a while. Maybe they’ll be better than the spod price and maybe they won’t but I for one am backing management to deliver as they have done for years.