no wonder price is down ! Long wait !
The project development schedule assumes the completion of a BFS by the end of Q3 2022. Environmental permitting and development approvals are the main time determining factors to first production, scheduled for the first half of 2024. The key document for the environmental approval process is the Environmental and Social Impact Assessment (ESIA) and this is due to be lodged in Q1 2022. Delays in the environmental approval process or any other development approval could result in a delay to the commencement of construction (planned for early 2023). This could lead to a delay to first production.
Ann: Makuutu Rare Earths Project Scoping Study, page-77
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