In terms of cash let's remember the following:
IGO fully fund and operate the Paterson Farm-In.
Newmont fully fund and operate the Wilki Farm-In
RIO JV is fully funded by RIO - AZY are currently the operators for which they receive a fee.
The quarterly cash spend number is skewed by the flow through of RIO JV spend - RIO's money would flow thru AZY's accounts with AZY being the current operator.
There should also be a lot of WA grant money coming through - maybe $880,000 I think.
Ann: Quarterly Activities and Cashflow Report - December 2023, page-14
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