A nice little xmas update with the most comprehensive trench pump tests released in the sector. Extraction rates are in-line or better than the Scoping Study assumptions for a 370ktpa SOP production rate.. these announcements are impressive derisking events.
Also a paragraph at the back mentions the rest of the lake Lake Mackay on the NT side has been pegged by AMN?!? If I'm reading this right we've just pegged additional lake surface area roughly the same size as SO4's entire operation. Lake wells is further from port, the same grade and capped at $80M! Once the market digests the significance of this the share price action should be fun to watch
Ann: Mackay SOP Project Update, page-2
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Mkt cap ! $60.70M | |||
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