Ann: Significant Milestone Achieved with Land Access Agreements, page-47

Decisions on funding will depend on approvals and speed of progress. As we move along the lines to prove both the recycling processes and the separation at the mine I expect the opportunity to fund development through partnerships (partners with funds) improves dramatically. As does the possibility of debt funding. If this happens quickly there may be no need for a CR. The longer these time lines are the more likely partners and debt providers will stay on the sidelines and the company will have to turn to existing shareholders. This is the reason that as a long term patient investor I have now moved to be very keen to see quick progress.

Both recycling and mining will be in expansion phases in 2024, both will require investment in 2024-5. I can't see either funding the other at this stage.

The positive is both have enormous potential. As they prove that potential is real there will be many people wanting to buy a piece of the action -directly - not just through the sharemarket.

Once they are up and operating they both have cash cow potential - funding their own expansion + rewarding partners and shareholders.

Great value at current SP.

All IMO DYOR.