Interesting post Pro. I would not expect the Japanese to publicly set foot on site unless there was a very high chance of progressing JV.
This Q4 site visit sounds like it may be some form of signing ceremony.
I don't know what the timelines are like (permission to drill has just been granted) but would expect the extended mineral resource estimate to be released before the JV was formalised.
住友商事株式会社 - Sumitomo Shoji Kabushiki Geisha, page-162
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