Up to A$10 million finance facility secured to complete the Definitive Feasibility Study (DFS) for the Wolfsberg Lithium Project; • Pre-Feasibility Study (PFS) completed during April 2018 demonstrated a project pre-tax NPV8 of A$441.9m; • The planning and review for the scope of work for the DFS has commenced with the DFS scheduled for completion April 2019; and • Key optimisation process includes an immediate drilling programme to increase the Measured and Indicated Resource. If successful, would allow the DFS to be undertaken at the higher mining rate of 800,000tpa (compared to PFS’s 620,000 tpa) and improve project economics.
They have secured some funding for EUR, lets hope they get some secured for CFE soon.
CFE Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
