HY will want to take this to production IMO. That is why they were brought in early. Record of building mine (within set budget/time frame)
$40m~$50m strategic investment from BNBT + offtake after assay results.
After second round drilling 20,000 - another offtake from Tinci
Not to forget CATL still in the draw here.
2Mtpa initially, then ramp up to 6Mtpa, and then further to 10Mtpa
Road upgrade $285m funded by Chinese
Hydroelectric power station $45m funded by Dathomir
Capex for 2mtpa approx $160m: This will come from two strategic investment (BNBT & Tinci) + debt funding (HY?/banks?)
(6% spod = 400,000 ton) lithium + (tin) + (tantalum)
Another option is if we can bring CATL on board, we can aim for 4mtpa/5mtpa instead.