Clearly strategic as you say - if they needed to raise funds...

Clearly strategic as you say - if they needed to raise funds then surely the timing should have been post the locked cycle testing results or in October after the DFS. There are a number of potential strategic benefits from this investment, and we do not know full yet what they are, although the next quarterly report may expand on this. As of now we have “the investment will finance the completion of the pre development works and studies to move the site towards full scale production”.

Now we know that the current focus is on the DFS and it’s 29k production base, and they do not want to delay this by adding new parameters, so work on alternative production numbers is being kept as a separate second work stream, playing second fiddle to the first. Given that the DFS work is supposedly already fully funded could the new funds be to accelerate the second work work stream ie “studies to move the site towards full scale production” - note the words “full scale”?

Probably just me reading too much into things, and there are other potential strategic benefits. This is though an exciting time with results of the locked cycle testing now due, and following on from that news of the samples being sent to potential offtakers, and then the quarterly report, all in advance of the DFS (where we may get interim progress reports).