Ann: Minyari Dome Project - Drilling Set to Commence at Tetris, page-26

I think there should be some necessity to report/release the DFS for Winu, because I believe that it may involve the AZY/RIO JV being incorporated into Winu mining plans. Here's just a brief description of the importance of a DFS in the mining industry.

• The importance of the definitive feasibility study

The Definitive Feasibility Study (DFS) is the cornerstone of project development in the mining industry, embodying the most comprehensive and scrupulous analysis conducted before a financial commitment to develop a mining project is made.

• It is the culmination of all prior study stages, delivering a final verdict on the technical and economic viability of a project.

  A DFS is a beacon for investors and stakeholders, shedding light on the granular details of a project's potential. It delves into meticulous assessments of geological data, reserves, mining methods, processing technologies, infrastructure requirements, environmental impacts, legal obligations, and market analyses.

  
  

The study provides the final detailed capital and operating cost estimates with an accuracy that typically falls within a range of plus or minus 10-15%.

The DFS is distinguished by its definitive nature; it is not a preliminary investigation or an intermediate pre-feasibility study.

Instead, it integrates all engineering disciplines, environmental studies, permitting activities, economic modeling, and risk assessments into a single, cohesive document that addresses all aspects of the project lifecycle from start to finish.

For investors, a robust DFS is synonymous with a project's maturity and readiness for market, and thus can be a significant catalyst for investment decisions.

A positive DFS may lead to an uptick in investor interest and a re-rating of the company's value, while a negative one may necessitate a return to the drawing board or even lead to the shelving of the project.