Projects remain on track, hydroxide capacity online from end of CY 21
ORE sees significant benefits to Olaroz resulting from the economies of scale delivered with Stage 2 expansion. The additional 25ktpa of LCE capacity due for completion by H2 CY 22 and fully ramped up by H2 CY 24 should see unit costs lowered by ~15% at the mid-point of guidance. Concurrent to the expansion, work is ongoing on Stage 3, with a PFS underway by Q4 CY 21. Construction can commence on Stage 3 once Stage 2 ramp up is underway. ORE is also nearing completion of the 10ktpa Naraha hydroxide facility with commissioning due 2H CY 21 and a full ramp up by CY 22.
