Post by
Mookster3 on Jan 01, 2025 6:10am
Timing of Phase I DFS?
The March 4 investor call gave H1-2025 as the completion date for both the Phase 1 (Pak pegmatite, mine) and Phase II (lithium chemicals) definitive feasibility studies. However, slide 15 of the more recent AGM presentation implies that the contract for the Phase II DFS hasn’t even been let out yet and indicates that Phase I will be released separately. So, Phase II appears to be just arm-waving at this point (probably a good thing). Furthermore, if a big chunk of Phase I concentrate will be used in glass making and won’t need to go to China for further processing, this takes the pressure off of committing to Phase II. The Phase I DFS has now been underway for 14 months, so release early in new year seems like a reasonable possibility.