Ann: AGM Presentation (revised), page-17

It can be quite quick, depends on the government of the day and whether they are pro mining and want to escalate things or if they want to dig their heals in. SVL recently saw that with issues from the Federal Government. AT seems quite advanced imo. No reason why they cannot be producing by mid 2026 if everything falls into place and goes to plan. Mine the shallow alluvials first, get a toll milling campaign to start with, or gekko plant. Plenty of companies have been doing it recently and only a matter of months after final mining permits. AWJ, HRZ and EMC are good examples.