Chicken and Egg situation perhaps?. DRC Mining License can't be approved till project finance is finalized. Cath wouldn't agree finance till DRC ML approved?
Now this appears not an issue with CATH saying " ...you know what? we will just forget that waiting till mining license approval thingy..."
Either way you look at this it looks positive
1. Nigel saying no big issues with ML just back and forth questions/queries being answered. Given project size and implications I'm not surprised 2. DRC Govt on the record stated objective of wanting to create a Lithium Hub based around Manono deposit. ASAP 3. Felix (DRC President) giving the internal hurry on for the ML approval a few weeks ago 4. CATL Meeting with Felix a few days ago in press 5. CATH now waiving any conditions precedent on their approval of their share of finance.
and then...
6. ML approved?
Not particularly hard to join the dots here is it!
The risk of course for CATH was that AVZ might find have found a superior finance deal in the mean time before ML approved giving the boiling hot Lithium sector. Hence perhaps the CATH decision today to agree finance. I wonder what else CATL agreed to with regard to the battery hub with Felix during the meet up?.
