Ann: Arcadia Lithium Mine - progress update in photos, page-14

Look at the break down they would need at least $40mill USD for capex..... all up we have 20mill AUD ($15mill USD)... and there would be $10mill USD from the chinese at ball mill stage.... we are still short $15mill USD.

The $9.1m for mining pre-strip, etc. can potentially be delayed....there does not appear to be alot of pre-strip needed.... but not a good idea.



.... Maybe, the want to delay things until the 30 July 2018, so that they would be in a way better negotiating position. Who knows.....

If you look at CATL IPO (company was only founded in 2011), lithium is big business in china (same a solar panels a few years back) and there are many chinese companies trying to position themselves....

I think sinomines would lend us the money we need.... after all, they need the raw resources.