Ann: Manna Lithium Deal to Fund Gold Focus at Lake Roe Project, page-175

To give you an idea of what BRB gave away... I recently saw an updated pfs for a lithium deposit including 11.8mt of li2o at over 1% and the project had an NPV of 2.3 billion to 2.5 billion Australian dollars.
Said to bring in 273million in free cash flow per annum.

Manna is 9.9mt over 1% Li2o and remains open in all directions.
why did they not use existing data and make a maiden resource estimate?

BRB still going to need to raise. And spodumene prices are going to remain elevated until 2026 then as supply comes online won't be dropping by that much.

hard rock deposits can go to production fast in 3-5years.

Peter cook has a good reputation but this was a very poor decision and you can see why looking at the dismal market cap of BRB.

like I said we didn't have to develop a lithium mine but we could have enhanced it to a stage where BRB could have received many more millions and be fully funded for the gold mine.