Ann: Mining Right Application Update, page-21

It is actually a positive sign for approval, but otherwise a delay - so T2 traders and day traders will leave on open like yesterday, and likely bought back in the afternoon.

It is positive because the Minister has reviewed the recommendations and then sought further information pertaining to the existing water infrastructure pipeline. I.e. you would not review recommendations set out if the appeal had been accepted, and WWI's environmental approval rejected. It is case closed, see you later - there is no need for recommendations on rejection.

Instead it seems likely that there is approval based on a set of recommendations - i.e. likely around increasing the water infrastructure pipeline, and the Minister has said that he would like further information from DEFF to likely understand whether the recommendation is required/relevant.

To me it is promising and the Minister is obviously giving it a lot of attention now - so at least we are moving in the right direction, and given WWI has flagged any issues to do with water infrastructure can be acceded to via a design change, I don't see any red flags (other than the panic selling I am sure will happen on open)