The following is an extract from the March scoping study release. My question relates to what sort of revenue we might be expecting from the pilot plant up until the time the 5200t/annum KMP is operational in mid 2022.
I see production of 1550t of Ti powder and 70t of NdFeB powder being produced in 2021 and $34M of revenue arising, which I can only assume is being produced from the existing pilot plant? That seems a lot of product for a small pilot plant? Is the pilot plant being upsized and being made production ready to do this? I thought maybe the KMP is going to produce some product in 2021 but it says staged commissioning from Q1 2022 so no!
Not sure also what to make of the note for Table 2 which states the 6400 t of 2022 production is 'inclusive of preproduction metal from the pilot plant 2'! So clearly the pilot plant is becoming a revenue producer but to what scale? And what is meant by pilot plant 2? Is that a new pilot plant, assuming the current pilot plant is pilot plant 1?
Lots of questions....hoping all will be made clear soon as the KMP development decision drops.
The following is an extract from the March scoping study...
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