IIF Presentation QuestionsThese are the questions I have recently shared with Almonty. My hope is Almonty responds by email in advance of the conference, next best would be if they are addressed during the December 7th Presentation.
If you think any of these questions are not useful or have been addressed previously let me know or if you have questions to add to the list please do.
1. Can you please confirm Almonty’s expected volumes of ore mined and
MTUs of Tungsten trioxide (WO3) produced at Sandong for each of 2024,
2025, 2026, and 2027?
In May during a presentation, I believe Lewis stated that with the
help and encouragement from the Korean government Almonty planned to
increase output at Sandong right from the beginning rather than
waiting 24 months after project completion.
I am trying to understand what right from the beginning means and
relate it back to slides 16 and 21 in the November 2022 investor
presentation. Does right from the beginning mean the 1.2 million
throughput extension case will begin in 2025, 2026, or 2027?
2. Do you have an estimate for when your reserves will be
updated with the information gathered during the recent underground
work indicating the grades in the original block models may need to be
increased by 25-45%?
3. Does Almonty expect to go to the market to raise funds over the
next 3-6 months? If so, do you have an estimate of the funds required?
4. Can you please confirm whether or not pouring the concrete base at
Sandong has begun and when it is expected to be complete? If it has
not started yet, is there a point when weather in Korea will delay the
pour? If so until when?