Ann: Trading Halt, page-250

"The $50m would cover the increased capex though a bit light on with drilling etc"

Remember that a further $9m of this $100m raise is ear-marked for "Goulamina exploration and project expenditure" (presumably spent before spin-off) and the recent ($52m) SPP included funding for 'the recommencement of drilling' at Goulamina.

Now presumably Ganfeng is up for half these current costs (as well as the subsequent drilling post-LLL spin-off).

I just want the LLL spin-off as soon as legally possible. The details of the JV arrangement with Ganfeng and decision by the Mali Government can occur subsequently, rather than protract the process. Speed is increasingly of the essence - and it's not as if we are the first ever spin-out...