Ann: AVZ Awards FEED Study to Progress Manono Project, page-10

FEED completion by 20th May (12 weeks from now) . So around mid year start still a viable plan. You would hazard a guess that Mincore is in the box seat for the " the Main Process Plant EPC contract" also. Perhaps this is why the part payment by shares occurs at this time.

For Example, announcement around May 20 is likely to be "Mincore FEED complete and Awarded Process Plant ECP. Cash payment of X & Number of Shares allocated in Payment is XXX "

You would reasonably expect the greater project Finance to have landed by then.

Mincore widely experienced and done some decent projects by the looks (Including: 12 new plants) .