"Should funding between the Minimum Subscription and Maximum Subscription
amounts be realised, the Company will allocate all funds identified under the
Minimum Subscription scenario. Additional funds will be first allocated to meet
the increased costs of the Offer and administration costs. Thereafter, additional
funds will be applied to meet the requirements (if any) to ensure nameplate
production is reached. Beyond this, funds will be prioritised towards exploration
activities, as the Company believes that the potential for discovery of additional
production sources in both the Avebury Arc and Melba regions is high. Such
sources would both require and further justify the expansion of the Avebury
plant to, and beyond, the contemplated 1.2Mtpa level." (my bold)
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- Ann: Disclosure Document
Ann: Disclosure Document, page-4
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JAMES BAY MINERALS LIMITED
Andrew Dornan, Executive Director
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