Lithium Market ConditionsContinued weak lithium carbonate prices leave the pilot plant underutilized and make production from the V1V2 pegmatite appear uneconomic.
Resource EstimateThe updated mineral resource estimate showed a decrease in total resource tonnes, which was more than expected from depletion.
Strategic UncertaintyThe ambitious plant expansion plan has been removed from estimates due to uncertainty, leading to a reduced target price and rating move to Hold.