RE: Well done the buyers today.22 May 2024 18:50
Ninetopprizesof, there has indeed been an update on the LCA. Taken from the Havieron Update RNS on April 30th:
“ Water management
Hydrogeological data collection and evaluation of the LCA was significantly progressed through the quarter. An updated predictive hydrogeological model was recently completed, based on measured real time flow rates and pressure from depressurisation bore holes in the LCA. Good correlation has been observed between the updated model and real time data collected, and accordingly the model's reliability is considered high.
Pleasingly, the potentially greater volumes of water that were anticipated in October 2023 have not eventuated, meaning that the project will continue with the surface water infrastructure design as submitted in the WA Environmental Protection Authority (EPA) referral, which is for a further three evaporation ponds that are constructed and utilised in a staged manner. Opportunities to bring forward approvals for the final three evaporation ponds are being progressed, and lining materials for two evaporation ponds have already been procured.
Additional work has also allowed the identification of the optimal location for the underground decline to pass through the aquifer where the Permian layer is shallower, and the decline design is being modified accordingly. This reduces the remaining development metres required through the Permian layer.”