RE: Q3 vs July vs 'mid year'1 Jul 2024 11:55
We really want to get on with the mine build ASAP now, because with the current timelines we are still looking at mid 2026 to start mining and perhaps 26/early 2027 to ramp up to full production. What we also know is that with spodumene even remaining around current levels, it is still very profitable for us with our very low Opex, compared to many others, and this valuable profit can help us further develop the resource and operations there, even perhaps the extra train, space already planed in, to take production to circa 550kt per annum. We will have the free cash, space and low Opex to continue this roll. So don't see any delays as positive, even bearing in mind that the shortages may not arise until 2028.