Ann: Trading Halt, page-179

As they're planning to keep 20%, the above implies they'll be raising $50m in the entitlement offer.
I thought they'd just retain 20% of the total expected LLL SOI rather than physically put the money into Leo.
Makes no difference really, however we now now that FFX shareholders will have the opportunity to subscribe to ~ $40m LLL shares in the offer.
(this is in addition to the in-specie allocation.)

The $50m would cover the increased capex though a bit light on with drilling etc. It will certainly be well funded and they can claim to be fully funded even with the increased capex.