UKEF Site Visit, page-59

"basically said that the end points met, give the offtakers green light to officially invest."

Incorrect.

You seem to be confused between:
1. Off-taker conditions precedent; and
2. Financiers (UKEF) conditions precedent.

Stuie's 5 million performance rights are dependent on signing agreements to finance the Kachi project (see item 2. above).
That is his "Performance Hurdle".

Those UKEF conditions precedent include satisfactory completion of:
- DFS,
- ESIA,
- Binding and unconditional off-take contracts,
- Successful and satisfactory completion of due diligence by UKEF,
- Regulatory approvals and permits, and
- ASX waiver

*This list is not exhaustive.

So as you can see, we are nowhere near the "end point"...and despite this, they have made provision for Stuie to receive the performance rights that have now vested.

IMO DYOR