Ares Strategic Mining (ARS CN) has provided a major positive update announcing that the lumps plant has now arrived on site and is ready for assembly and commissioning. We anticipate that the lumps plant will enable around 60ktpa of fluorspar production capacity. It appears that the West coast was in the end, the most effective shipping route but given the supply chain issues facing companies globally the time from completion in January to delivery on site of around six weeks is an achievement.
