Ann: Exploration Update, page-118

Outgoing:
From the FID announcement it indicates total Capex estmate of $137m.
Refinance existing debt $43m
= $180m

Debt Fac:
Tr A - $73m (43 debt +30 PP)
Tr B - $40m (PP)
Asset Fac:
Tr A - $49m (PP)
Total = $162m ($119m peaking plant)

My take is that currently STX still need to pitch in $18m
However Asset Tranche B available $15m but not yet approved (uncommitted).

The only thing is that some of the existing $43m debt may have been used for Peaking Plant Capex up until end of Q3FY25. Such as Jenbacher deposit, AEMO deposit ( about $5m prob not Capex though? Refundable?) and design work, planning, preliminaries, commencement of siteworks, etc....

I guess we don't know but they may be using up Walyering revenue and cash on hand prior to drawing on debt facility at the start of project as to provide protection against any cost overuns late in the project, and to save on interest repayments (play it safe strategy) OR. they may draw on debt facility to recoup cash used for Capex to date and use debt for all capex expenses, plus keep Walyering revenue as cash, leaving a stronger cash position for exploration.

All the above is just my take and I could be wrong, please correct me if so.