MARCH QUARTER OPERATIONS UPDATE
Moderated production strategy continues with plant recovery improvements and unit cost reductions contributing to strengthened quarter-end cash position
HIGHLIGHTS
• Moderated production strategy continued during the March Quarter:
▪ 33,893 dry metric tonnes (dmt) of spodumene concentrate product (SC6.0) shipped (provisional)
▪ 33,998 lbs of tantalite concentrate sold (provisional) ▪ Strong improvement in product recovery trend contributes to lower operating cost
• The Company has closed the March Quarter with A$108.2M in cash and irrevocable bank letters of credit for shipments completed during the quarter (December Quarter: A$105.5M).
decent enough in this climate
Ann: March Quarter Operations Update, page-2
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