Potential supply to Novonix, page-146

Hey dugsab,

Does the excerpt below from today’s announcement help you draw back the “curtains” (more like blindfold) any further?

”Hazen will continue to produce lithium carbonate, targeting 5kg to 6kg of samples in this round derived from the first 20,000 litres of Kachi brines (refer ASX announcement 20 October 2020). A further 20,000 litres of brine is stored with Lilac whilst additional brines are currently being prepared for transport from site to produce more samples to meet increased demand, given recent successful results (refer same ASX announcement 20 Oct 2020).High purity lithium carbonate results have been obtained via a simple flowsheet without any anticipated changes to the operating costs previously forecast in Kachi’s Pre-Feasibility Study (refer ASX announcement 28 April 2020), which is a great result for the Company and the sector. Low impurities are a key factor in determining battery quality and the pricing and acceptance of lithium products. Lake’s high purity carbonate offers the potential for premium prices.”

You should now be crystal clear on where the “misplaced” 20,000L of brine has been along with the currency of the PFS - specifically on the “extra costs” you’ve been speculating on due to Hazen’s involvement.

Also should help James1984 understand things a little more clearly.....I would hope!

Cheers,

Mozza01