Its because phase 1 is designed to prove up the science and provide samples for offtakes. This helps to de-risk the project in multiple ways and thus makes it eaiser to raise debt and equity for phase 2.
I know you ready know the above which means you're either a paid shill trying to discredit the company or you belong on the NDIS.
Ann: Stage 1 HPA Line nears completion, page-15
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