Pertinent market/industry news/articles, page-81

We might be dreaming but ARL already could be planning to send its semi-processed metal product to BHP (or another company here or overseas). In terms of feasibility, below is a paragraph copied from page 16 of the PFS. It shows that in Stage 1, ARL carries out the mining and production of a "the filtered pregnant liquor solution" which contains all of the nickel, cobalt and valuable metals. This concentrated liquor could be transported by truck (train or ship) to the third party processing plant. As a result, ARL would be producing a mixed metal product and be earning income much earlier than 2022. At the same time it could advance the construction of Stages 2 and 3, and fund CAPEX from the income it receives from the export of the mixed metal product. Once stages 1,2 3 are complete, production by ARL of highly purified metal sulfides would occur according to the 2022 timetable. (Is the share price really about 90 c?)

"Stage 1 is an aqueous pressure leach in an acidic sulphate medium to dissolve the base metals while
minimising dissolution of the iron and silica gangue. The conditions used are typical for base
metal dissolution from lateritic ore sources. The discharge from the autoclave is filtered and the
solids dry stacked."