SDV + Mt Cattlin v Pilgangoora, page-8

Read a DFS.

The Airguide information is relating to the Ganfeng deal only.

PLS will be using approximately 1.25% feedstock (as of DFS, expect higher in the early years) and recent improvement in recovery rates are pushing that towards 80%. 1.25% x 80% = 1.00%. 6/1.00 = 6.00 tonnes to produce 1 tonne of 6% concentrate.

2Mt divided by 6 = 333kt of 6% spodumene concentrate.