Ann: BHCP and Refinery Update, page-6

But they are literally canning further work on the DFS:

2 BHCP – Review
The technical work packages defining the BHCP Definitive Feasibility Study (DFS) are nearing completion however, given current
battery minerals pricing, particularly cobalt metal trading at US$12–14/lb, as well as the current inflated capital cost environment,
the BHCP (in its current form) is presently unlikely to attract project financing.
Rather than deliver a DFS that effectively “sits on the shelf”, waiting for a future upturn in the macro environment, the COB Board
has paused completion of the DFS (in its current form) and requested management to undertake a Review to assess the viability of
a condensed higher margin project. The Review will likely make substantial use of the extensive library of technical studies, reports
and other work undertaken for the DFS