I also thought the BFS was fully funded until the PFS update was released. We can only guess where the money is needed.
AVL committed $2.5m to the R@D programme last year, which included work on the sepa ration of the Fe/Ti calcine , high purity pentoxide and possible saleable products from tailings amongst other lab work. No news on these yet. Also AVL has moved to decrease its emissions by using Hydrogen and Ammonia in the refinery and maybe haulage. The refinery flow sheet was to be finalised in Feb but now to be released with the BFS. Also more fine tuning of the pit design following the drilling in Dec. This is some of the work I can think of obviously there would be more, including permitting.AIMO.
AVL Price at posting:
2.6¢ Sentiment: Hold Disclosure: Held
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