Hmmm my 5 cents is that WR1 wouldn’t be interested in a JV. It would make the project a bit messy for any sophs or banks or M&A if they were dealing with multiple developers.
As well WR1 don’t need it ,they have other areas east and north. So may play a dead bat with it .
I’m thinking AZM may well be drilling to prove up resources and then offer it for sale to WR1, with perhaps an added good royalty per ton?( they could then claim the dead area as well).
Also WR1 is well advanced so once they have a mining permit I’m wondering if another pit within 100m would get approval? That would leave that AZM spod stranded.
For WR1 it would allow mining through the dead area and a optimal pit design/ layout.
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