Earnings Labs

Sigma Lithium Corporation (SGML)

Q2 2023 Earnings Call· Tue, Sep 5, 2023

$20.46

-1.21%

Key Takeaways · AI generated
AI summary not yet generated for this transcript. Generation in progress for older transcripts; check back soon, or browse the full transcript below.

Same-Day

-4.85%

1 Week

-7.17%

1 Month

-19.82%

vs S&P

-16.05%

Transcript

Ana Cabral Gardner

Management

Hello, everyone. Good morning. I want to welcome you to the Second Quarter Presentation -- Earnings Presentation for Sigma. Without further ado, I'm going to go through these materials. We're very proud to present you the results that we just did, which means we're back on schedule, back on time, back on track as far as financial reporting. So, please kindly read the disclaimer. We're going to make a number of forward-looking statements here, and they're all in the disclaimer. This presentation is going to be available on site. So, here is, again, a video. A picture is a thousand words. We're going to close with a video that [indiscernible] is going to host for us, but here it is. [Technical Difficulty] Oops. Apologize. I have a bit of a technical issue here. Just let me just go back. So, as you can tell, we are very proud, very, very proud of what we've achieved. And, essentially, the operational video shows everything. The success -- the ramp-up has been a success. We've been steadily, as always, marching towards getting to our guidance of 130,000 tons for 2023. I want to remind all of you that this is not arithmetic, meaning, this is incremental steps. Remember in July, we were going at 50% and then we jumped up to 75%. We can go over 100% as we've shown. With [indiscernible] 150,000 tons, this year, [max] can go to 50 tons an hour. So, don't do arithmetic math, because once we feel that the dry stacking circuit is to our liking, and it is, and we'll show you a few more videos of that, because this is our mission, we're just going to ramp up this plant and get to a 130,000 this year by the end of December. The second shipment…

A - Ana Cabral Gardner

Management

Yes, we're getting -- we are target for yield and recovery. The plants recover -- remember, the plant recovery -- we published something very few people do, right? I'm answering live here. Plant recovery is over 70%. It's amazing. However, we published global recovery. We have a lot of transparency in our communications, which means we're factoring for the loss in science that happens when the material gets into the DMS. So, 65% is the -- 62% to 65% are the global recoveries. Plant recovery can be up 70%, 72%. This DMS with the mineralization of Phase 1 is a machine, it's incredible, and it works beautifully, not only to recover, but to also concentrate and again, concentrate coarse crystals. So, the competitive advantage of the product isn't just environmental. It is that coarseness, 6.5 millimeters to 9.5 millimeters of this very coarse material, let me show you this. Yes, it is in book one. So of this very coarse material that we produce, right? So, essentially, we see, take this down, in a quick book one here, we'll share book. Okay, let me see here, hold on. Open when you send part one. Okay, book one. Here, yes. Can you share? Okay. Can you see this? Yes. So this material, this incredibly coarse material is actually the same, right? So it's high purity, low potassium, low sodium, coarse. So, it's a DMS that works, of course. What is the importance of this? Let me say, when you are on the filtration plant, you got to mill to [indiscernible], meaning, to microns to 150 micron powder. So, the coarse material is instinctive. It brings higher productivity at the calcination. So this is why a client uses less of our material. So, a client working downstream can be more sustainable, because…