30/04/2021 the 30/03/2021 quarterly report outlined that $25.4million was held in cash reserves which included $7.2million of cash relating to ARENA grand proceeds which are available to the company when certain milestone conditions are satisfied.
CDP estimated to cost in the range of $17.9 – 18.7million and expected to be completed November/December 2021.
“During the quarter, we have developed with Chiyoda an engineering program to develop an updated engineering study of a larger (potential capacity 2,000 – 5,000 t p.a) Hazer Plant. This initial study will be used to advance discussions with interested Japanese parties and also as the platform to further advance our discussions with interested parties in Asia, Europe, and North America.”
“We maintain our goal of maturing at least one potential project opportunity to a feasibility study stage through 2H 2021 in parallel to completing the construction of the CDP.”
HZR Price at posting:
$1.39 Sentiment: Buy Disclosure: Held
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