RE:Preliminary Economic Assessment (PEA)According to IPG's company presentation the company is planning to deliver Bankable Feasibility Study until late 2023/early 2024. Meanwhile IPG will make process piloting, start environmental and other permitting processes, make additional resource drilling and execute preliminary enegineerig, and negotiate Impact Benefit Agreement. After construction period the procuction is planned to start at late 2026/early 2027. This is a very ambitious schedule, but doable if you have strong technology and engieering partners - and offtake agreement with at least one main player from aluminium industry.
The remote location surely does not help. .
It is sure that Rio Tinto's Sc recovery process is different, and does not fit for IPG's concentrate, but as the first western player in the Sc markets and as a experienced industrial player it migt have interests to increase production capacity to fullfil the increasing Sc demand in cooperation with IPG.