Good to know it has been finalised but interesting that related expenditures are mostly all in past-tense language.
The Taurus funds enabled expanded drilling already completed, and enabled early delivery of supplies already ordered for 2025 which arrived by ship this week. Presumably a large portion of the first tranche of Taurus funds have therefore largely been spent.
The receipt of AU$1.5m this week will imo be to ensure the Sept 30 Quarterly looks alright. It - along with the AU$6m balance in 2-3 weeks - will probably then go quickly out to accounts payable (the supplies & shipping invoices due on terms, and the drilling contractor final payments for the completed season).
The Quarterly to September 30, when it eventually arrives at the end of Oct, will make fascinating reading for their true cash position.
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