Australian lithium producer,
First spodumene concentrate production achieved from the coarse production circuit at the Ngungaju Plant, marking another key milestone in
The Ngungaju Plant is targeting annual production capacity of approximately 180,000 to 200,000 dry metric tonnes (dmt) by mid-2022, which will complement the existing production capacity from the adjacent Pilgan Plant (~330,000tpa increasing to 360-380,000tpa following completion of improvement works during the December quarter 2021).
Production from the Ngungaju Plant is uncommitted to offtake and should support further sales into the emerging spot market for spodumene concentrate, including via the recently launched BMX digital sales platform.
FY2022 spodumene concentrate production guidance across the entire
The restart of the coarse circuit at the Ngungaju Plant is expected to accelerate spodumene concentrate production (compared to the Company's original program), with construction, commissioning and ramp-up works progressing for both the fines and coarse concentrate circuits.
The re-commencement of the coarse circuit will initially utilise existing weathered ore already stockpiled at
Full ramp-up of the Ngungaju Plant at optimised lithia recoveries is expected by the middle of calendar year 2022. Further updates will be provided on the performance of the Ngungaju Plant in the upcoming September Quarterly Report, due for release later this month. Release authorised by
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FORWARD LOOKING STATEMENTS AND IMPORTANT INFORMATION
This announcement may contain some references to forecasts, estimates, assumptions and other forward-looking statements. Although the Company believes that its expectations, estimates and forecast outcomes are based on reasonable assumptions, it can give no assurance that they will be achieved. They may be affected by a variety of variables and changes in underlying assumptions that are subject to risk factors associated with the nature of the business, which could cause actual results to differ materially from those expressed herein. All references to dollars ($) and cents in this announcement are to Australian currency, unless otherwise stated. Information in this announcement regarding expansions in production capacity of the Ngungaju Plant are underpinned by the Company's existing Ore Reserves that have been prepared by a Competent Person in accordance with the JORC Code (2012 Edition) and were released by the Company to ASX on
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