It is more of an update to the existing scoping study and then some small additions to be called a pfs as I understand. Just to include the additional volumes following the resource upgrades after the last batch of drilling.
Apparently the offtaker in question requested the LOM to be extended which led to the additional drilling and now updates to resource estimates flowing in to an updated scoping study / pfs.
I would think we see some kind of agreement from the offtaker/financier (an MOU or non-binding offer) later this year or early next year following the updated scoping study... then a binding agreement with the delivery of a PFS. This is not 100% clear to me though - just my guess.
AAU Price at posting:
0.4¢ Sentiment: Buy Disclosure: Held
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