Ann: Mineral Hill Operations Update and Funding Arrangements-KBL.AX, page-41

There is a lot of things that we don't know yet so it's too early ...
Dilution is the worst to come right now , if they not able to raise funds it's stated in their ann:

Although the Company has been successful in raising funds in the past, no absolute assurance can be given that the Company will be able to raise funds in the future. If the Company is unsuccessful in raising funds in the future, including the $6 million mentioned above, and there is no other viable alternative available to the Company at the time there is real doubt about whether the Company would be able to meet its on- going obligations to creditors, working capital and project expenditure requirements. In such circumstances, the Company would be required to consider whether it is able to continue as a going concern.

Reading the latest north pit maiden ore reserve doesn't excite me at all
They can only get 26k oz at a grade 2.5 g/t not sure if it's economic if they already struggling with 6.5 g/t and recoveries...