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80.5¢ liontown resources limited

Found the met work [ATTACH] The met results were 41% coarse and...

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Henry Walton

416 Posts.

731

08/01/19

02:18

Post #: 37051071
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Originally posted by Henry Walton ↑

That capex number was so low because their was already an existing tantalum mine on site, the $40 odd million was just to installing a DMS for the concentrate, the bulk of the infrastructure was already in place.

A big factor in deciding capex would also be the characteristics of the spodumene bald hill is 80% coarse and 20% fine, PLS is 70% fine and 30% coarse.

The production of the fine material requires a two step process right off the bat, if it's 80% coarse you can stock pile and add it on later, that is why PLS ended up spending $360million to get to production.

I don't know what characteristics the deposit here has, but I wouldn't count on a small capex bill it's going to be atleast $150-200mill even if things are on the favorable side, it's just how much things cost unless you have a complete existing mine camp setup like bald hill did.

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Found the met work

The met results were 41% coarse and 59% fines.

Based on those results the study will have to recommend build a plant with DMS and fines right off the bat which is ok PLS/AJM had to aswell, just won't be cheap.

Combined concentrate grade of 5.6%, has anyone spoken to them about that? any guidance on what they are doing about that?

LTR Price at posting: 2.5¢ Sentiment: None Disclosure: Not Held
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