Hi
@seals - I hope you are doing well elsewhere. Lithium and graphite are scoring well for me, and I even have broken a rule and taken to oil in a small way.
I tried to leave my post on a positive, but sadly some only see the negative side. That is hurtful because it drives home that a certain percentage of a punter's gains come from another's losses.
Looking at the East Arunta tenements it is noteworthy that some are still to be granted. I recall that it was said that Hay River was on Indigenous freehold land and the application process could take some time.
From this partial table in the 2022 Annual Report we see that only 2 of the 3 JE tenements are granted, that might represent a holdup to drilling. However, as I think we both felt, something more definitive than gathering rocks could have been done.

As has been said there will be a CR, inevitable for a small cap explorer unless they can do JVs + cash like BUX. But it may not be needed until potash and JE get first pass drilling. I am quite resigned, and assured that I will support Inca once again.
Mate, I'm sure you have noted that NCM is under threat from Newmont to the tune of 24 billion. Newmont originally spun out its Aussie gold interests into NCM (I think they did not like Lihir in PNG) - now they want it back. Newmont boss is aussie and he will list Newmont on the ASX.
Very interesting.
What implications for ICG? Firstly if we were talking JV with NCM, and second if Newmont is successful and spins out unwanted tenements, only keeping Cadia, Tefler and Havelon et al
Cheers. And GL all - this is not advice.