Member Info for Laverda

Pullone, yes initial production may be this month, max plant ouput I would guess by end of March.

However with the low price of lithium Pilbara has managed to lower production costs significantly, so you never know if they may introduce one or two of those ideas too, if not already incorporated.

Https://m.miningweekly.com/article/loyal-lithium-seeks-to-capitalise-on-trumps-energy-emergency-2025-02-06

Lithium and grid stabilization.

Have the big sells stopped, or is it just the data on here?

Tantalising had just exited my memory, cheers Sleepy!

Clapa, yes minor, we will see when the weight hits the plant and tries to move through it. Got to be something.

Gerry sounds the business, they are brilliant at finding the right people.

It is so rare for such a massive plant with so many moving components not to have an issue with something, much of the commissioning done and so far no issues, incredible really.

Usually follows an update presentation with a video interview, like clockwork, not this time, imminent must mean very close.

I agree Asher I think they are holding it back too.

So many countries were going crazy about lithium it was insane, fortunately we are in an experienced mining country and they know how gold has fluctuated in the past. So they did not lose the plot like some countries did - Mexico as an example.

Elcobble yes very good point.

It can't stay sub 1,000 long or the supply chain falls over.

It is a good floor price guaranteed that we cannot lose.

Always we would like it higher, but how many businesses have guaranteed profitability as long as you produce?

I don't think Bernard will release the offtake agreement at this time even if it just requires his signature.

I think he is conscious that the share price is too low and will try and control the order of release of information.

Releasing the offtake now and then struggling to get the flotation running at max flow or similar would just drop the share price again. I think he will want the plant running and producing before releasing that.

It is just my opinion, but once the plant produces as CEO he does have share price responsibilities which aren't present at explorer stage.

I think his perfect order would be, commissioning, production, offtake then resource upgrade, then Nielle and Fatou Goldfield plans

Onlyking, for us. But the plant commissioning was set back a month by the ship detour for humanitarian purposes so many investors were expecting commissioning late to end of January. We are into February some will be rattled.

Plus in many people's eyes the plant commissioning is late with no official RNS.

We know it is imminent - but that was not released in an official RNS.

Funny no mention of Junta, forcing larger portions for their country elsewhere, as an example here, but they are in all but the least developed countries in Africa:

https://m.miningweekly.com/article/de-beers-agrees-on-fresh-sales-agreement-with-botswana-2025-02-03

Bernard will have a good idea of what the maiden will be from Nielle, therefore the ounces per year.

He has a good Idea of where Fatou is heading.

You can be sure he will be calculating the potential annual income from Nielle and Fatou, he knows our income from Bougouni assuming everything goes to plan.

The question is will he switch to selling out of Bougouni and turn for income from Nielle instead.

Remaining in Bougouni and developing Fatou into a large gold field means everything is in Mali, good for convenience and understanding one mining jurisdiction but all eggs in one geographic area.

It will be an interesting 6 months to see which way he goes.

Painless or you could take the view it is not worth talking about anything other than the plant working properly if there was going to be a buyout.

Who knows.

Potato if looking at the peak of lithium prices I agree.

If looking before the JV I could not disagree more. We would have fund raised to develop Nielle, sold Nielle to develop Fatou, sold Fatou to fund Bougouni and still would have to fund raise.

We get a mine running get a steady income stream and Nielle and Fatou are 100% ours.

I think when lithium went through the roof expectations did too and they haven't returned to reality.

Lithium is above the price estimate in our initial forecast.

If we had to fund raise we still would be in a better position than we would have been if we stuck with the original plan.

I thought that brash CEOs comments would not last long.

They will settle their (alleged) outstanding tax and move on.

Massive established gold mine.

Hop2 especially the way Bernard and his team keep expenses low, they do massive amounts with a relatively low cash burn.

Imagine if they threw an estimate out on Bougouni, Nielle and Fatou the crazy mob would be all over it.

Will, once started again Nielle is less than 6 months from a maiden value.

With Kodal everything is jorc or maiden value unlike the majority of AIM miners.

Apart from the lithium resource is expected to take our total in excess of 50 million tonnes by mid 2025, we get no outrageous estimates of anything on Bougouni lithium, Nielle or Fatou gold.