CORPORATE
- $4.3m cash on hand
- Positive feedback from US and UK investor roadshow
AUSTRALIAN ALUMINIUM OPERATION UPDATE
- Gross Quarterly Cash Receipts of $1,012,764
- Gross Quarterly Operating Cash Surplus of $12,237 with Trade Receivables of $1,261,849
- 3,647 tonnes of salt slag and non-salt slag, and 937 tonnes of dross received during the quarter
- All salt cake and dross delivered to site is being recycled in a closed-loop process, with continuing reduction of stockpiled partly-processed salt cake
- Production refinements being successfully implemented to address challenges caused by partly-processed salt cake, operations continuing during this process
- First shipment of AL80 has departed following the engagement with Australia Bandfield Group
US ALUMINIUM OPERATION UPDATE
- Plant design and assessment of capital cost at advanced stage, management believes final capex could be considerably below initial US$25m budget estimate
- Targeted earning from first US plant US$25m per annum when operating at full capacity
SILICA PROJECT UPDATE
- Continued progress re supply contracts to underwrite Tasmanian silicon smelter proposal
- Engagement of corporate advisors regarding silica division spin-off
...more
-
