From this qrtly report its stated that they are looking to sell down a stake in the Kalkaro project. Ideally it would be something like 30% sale for $120mil.
We retain 70% use the funds for a BFS and look at developing the project. Japanese investors i.e. JXAM, tend not to buy the whole project but a partial stake and do an offtake deal. Get Andrew Cole (ex CEO of OZ Minerals) out of retirement and join the company to help develop mines.
DYOR not investment advice.
Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-3
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