Ann: TMT Investor Presentation December 2023 - Scheme Webinar, page-49

Troy he explained clearly that the EPA on **anintha is still in progress and out of his hands.

He also explained that - whatever the ore reserve estimate - the Yarrabubba value as a stand alone project is significantly impacted by the need to back fill all waste material as it is surrounded by AVL tenements .

The BFS?
As far as I know mostly when a Bankable Feasibility Study gets released it’s accompanied by the names of those who have come on board with funding, and a timeline of what’s next.
Ian actually said that several potential funders - approached to consider coming on board here - were not even sure what project was being talked about.
He said after it was explained NONE were interested in what likely came across to them as half a deposit but several ecpressed positivity towards interest if the projects merged.
(They’ve all seen what happened at Altura too?)

Ian noted (twice?) there were long term followers of TMT whose grasp of technical factors far exceeded that of less focused investors, and while that group likely included you I think you can’t realistically foist your grasp of things onto potential funders.
They definitely come more under the ‘less focused’ header - especially with so many other varying applicants and that even after speaking with them there were issues about determining between the two projects.

cheers