Pricing is the only reason for potentially bringing forward the...

Pricing is the only reason for potentially bringing forward the project, as an initial PFS failed to provide an NPV/IRR because there was not a suitable qty of resource (refer below screenshot)... So they had to go back to the drawing board and drill out the project significantly prior to an independent consultant providing a PFS level study, this was disappointing, however since then the grades have been good on initial drilling.

So AZI have a fair bit of drilling still to go, then they have to resource definition works, then a resource, then they can plug it all back into the sausage factory and put forward the project economics - a slow burn and a lot more work is required on this front prior to any movement in terms of project execution. Simply put project funding will not be provided on inferred resource.

So this will play out long into 21/22, unless the price environment changed dramatically, which may justify a PFS being submit on current resource levels. Time will tell.