Results from the studies may have come in as unviable or uneconomical to progress.
The studies (started mid-last year) was nearing completion in January, and initial findings to be delivered mid-late Feb, we're now coming onto 2 months over with them.
I'd say they're trying to find additional alternatives now, given they've likely already received the studies but haven't advised the market of any update (ie. wasn't uplifting results).
IMO DYOR
Steam Engine, page-46
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