I think both @Gvan and I have been pretty clear with timelines...

I think both @Gvan and I have been pretty clear with timelines and figures to you. You must be wilfully misunderstanding it by this point so hard to believe you're acting in good faith.


Talga Stage 2 originally forecast 2026 but likely closer to 2030:
It's >500,000tpa ore to yield 104,000tpa AAM.
Not 104ktpa ore for 22ktpa concentrate. 104ktpa AAM at over US$8,000/t.
So somewhere in the order of US$800m revenue (or ~$500-600m if Talga can only sell at a mid-tier price comparable to Syrah!)

Stage 1 should be hitting 19,500tpa AAM run rate in 2026 by my forecast, so meaningful revenue 2026 not 2030.
The Stage 1 mine is a very simple operation and the starter pit will be using the deposit at the surface. Talga will only be mining 6 months of the year, and reality is up to 125,000t of ore won’t even take that long to dig up. As an indication the 25,000t trial mine took about 4 weeks of digging. Concentrator construction I expect to start this coming European summer and expect to operate at around 22,000-25,000tpa concentrate run rate by end 2025. Only a couple of trucks a day on average to take the concentrate 300km to the refinery - same day delivery and no international shipping risk!