The Group signed an agreement with the South Australian Government to finalise the details ofthe Environmental Bond required to support the maximum environmental obligation of$34.2 million over the life of the Project. This has been secured by a cash deposit and a firstranking charge over the Group’s freehold land holdings.
This little tit bit at the end of the report tells me that they have got the government over the line with regards to the bond as a requirement for the start of operations without having to stump up $34M in cash which they don't have. Nicely played.
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