Mt Caittlin worthy of comparison

All RDT shareholders should reflect on the success of the Mt Caittlin lithium project (formerly Galaxy and now Allkem)

In 2018/19 I think they had a resource of ~8.2 million tonnes at 1.29% Li

They are now mining at a rate of around 1 million tpa and concentrating simply with a dense media separation (DMS) process.

They ship off the concentrate to China

Last quarter they made over $200 million for the quarter !!

The last quarterly report of RDT indicated that they had 4 rigs systematically drilling out a lithium resource.

Brokers are expecting a number and grade (before Christmas 2022) in the same general ballpark as that early Mt Caittlin number

Confirmation of metallurgy being amendable to DMS and some offtake interest in any new potential development would start to put a rocket under these shares

For those interested, the details on the Mt Caittlin project can be found on the Allkem website.