When can we expect the updated pre-feasibility study? Q: When can we expect the updated pre-feasibility study? And can you provide us with any high-level details on what to expect there?
A: Over the last 12 months we have been drilling intersections in excess of 300m and over 1.5%. To my knowledge those are the best grade thicknesses ever drilled in North America. The deposit remains open in all directions, it’s really strong at depth and to the West we think there’s tremendous upside to continue to build a tonnage on the resource there. So, with the resource update we saw roughly a 50% increase in measured and indicated, roughly 35% overall increase in tonnage across all categories. That’s really significant, disclosure and provided guidance that will have PFS out in the spring of 2023. We’re really happy with how things are progressing right now with pre-feasibility so we shouldn’t be too much longer where we can disclose that information.
What to expect with the chemical price increase, it won’t be to a level that we see a really high spot pricing despite the pullback recently in the pricing. I think there’s a strong consensus from our view of analysts globally on much healthier chemical pricing than what we saw through out PEA in 2021. Phase 1: Mine Mill to produce some level of concentrate production followed by a Phase 2: Scaling of Mine and delivery of lithium refining capacity to produce chemicals. We’re really excited to be passing through very soon the PFS stage and then working upon PFS plans of mine and mill into a definitive feasibility work.