Member Info for Joeman1

I think you might have picked up a crossed wire at some point mate...... The DFS is being prepared in 2024....

Your question might be more valid 12 months from now.

realistically a week to deliver the promised news ahead of the agm....

given how recently the timescales were reiterated, it would be an embarrassing ******* drop to be late with the dfs again.

until the 22nd ill still be hoping for dfs delivery this year......

It was already delayed but just into the new year. Don't know any other gossip sorry. Their projected cash position at startup was also very healthy.

Wouldn't like to speculate without more info

Despite first production being a couple of months behind the previous November target, they also published an estimate of cash on hand at that point. Something in the region of 20milion.

Always a bit of risk remains this close to production but that is a healthy figure imo

The conversion from Carbonate to Hydroxide is well understood and if you start with battery grade carbonate and use the correct quality of reactants the quality of the hydroxide is achieved too..... its done at refineries around the world already and the cost /tonne of product is significantly dependent upon the cost to produce the carbonate.

This is excellent news today....no matter what crappy filter some people are trying to put on it.

GLA

It isn't meaningless without the hydroxide resource.

It proves the ability to produce the correct quality of a battery production precursor at pilot level .... which had to be one of my biggest risk factors.

It is straightforward to take this Carbonate product and convert it to hydroxide..... wouldn't be the most economic way to supply this particular product but as the first stage of the process is so far to the left of the graph for low cost Lithium production, that the resultant Hydroxide would still sit well in the marketplace.

So..... with a worse case still being a plausible solution, I cant be anything but very positive to see these pilot plant results.

I was thinking the same iky786.....

We have had some Lithium Drill Results, Kalahari Feedback and Shinganda drilling.... but I was expecting a BIG announcement. Perhaps Colin was talking about how busy they were going to be on October as it is obvious they are very busy.

Or maybe he was referring the AFP, which can claim to have had some great news.

Or....... was he alluding to the information about the proposed smelter the Chinese are going to help fund?

Lots of new due though....so im keeping my popcorn fresh

Hopefully this session will be shared shortly.

It certainly sounds like it was significantly positive.

Agreed,

A 2 month delay on such a scale of project is nothing and prudent management means that they will still have > 20million Cash by the time revenue starts to come in. IF this causes any dip it is definitely an opportunity to buy in my opinion.

Also, by the time revenue starts, we might have the potential for 2 further extensions on mine life if the assay results are positive.

At the front of this interview RR suggested a further capital starvation of the junior sector would reduce the +1200 companies down to a healthier 200 companies.

If he is right (and not withstanding the massive destruction in some peoples portfolios if it happened) XTR would be one of the 200.

We have significant income for the next few years and if we (with the mining contractor) invest some of that in a plant expansion then our income will extend 6 ... 7 or more years. So on the basis of that part of Rick's advice we should be happy to be here.

Whether the income gets turned into actual value added for us depends on Bushranger and the Zambian targets and how the money we put in the ground equates to success.

I think we were very close to a raise at the turn of the year. So I'm kinda heartened if they used a loan to bridge this squeaky a#@e period instead of dilution.

It's getting past time though for publishing the study results imo. Even if they show that we need a copper price at 10k..... at least then we will be able to see what we are aiming at

Cheers for that. Sounds good.

Is there a link to any of these group chats?

Or dilute with a raise.......

Can hardly believe we are only 6 to 8 weeks from first production of concentrates.

Hopefully this will give us a reason to raise a glass to Adriatic this New Year

Good research note.

Makes the project seem very straightforward, so lets hope it translates into a company that finally manages to keep to its suggested timescales for production.....

He posted a picture on twitter of a small drilling rig to "potter" around the concession...... but i suppose he could come back and say it was just an example of what would be used.....

Im guessing there will be an interview coming out, unless interviews/podcasts are all waiting for the "busy October" he said he was looking forward to.

Honestly...... I posted that before the RNS dropped on this site.

Dear Brian,

Could you take leaf out of our investment in Blencowe and provide a brief update on the status of the scheduled test work. Would do wonders for the old morale....

Might even massage the shareprice a little.

Kind Regards

Dcat80..... you really are one hoopy frood!

I think my numbers were better though.... but you need to be a certain age and use a Pocket Calculator