i have approved all resolutions online.They are derisking, we...

i have approved all resolutions online.

They are derisking, we need to give them 3 months, things are following into place.

I don't think this will be 9c at end of the year, i think it be close to +15c.

IMO and DYOR

PROJECT FUNDING – EXPORT FINANCE TO HELP

• The company will require US$365M in capital to fund both Ngualla and the Tees Valley refinery.
This is a relatively modest capital expenditure amount for a vertically integrated rare earth oxide
operation. Approximately US$190M of development capital is for the Ngualla site, comprising
US$52M for the mine and process and US$138M for Ngualla site infrastructure. Approximately
US$157M is needed for the Tees Valley refinery and site. Both these amounts include 10%
contingency costs. Capital costs include a US$18M provision for owners’ costs

The company has the support of the UK government through the Department for International
Trade which includes UK Export Finance as well as locally from the Tees Valley Combined
Authority. The Wilton site is also located within an Enterprise Zone with enhanced capital
allowance status. Companies located at this site can apply to receive a first year capital allowance
of 100% on qualifying plant and machinery currently set to a maximum of 125M euros.

• The company also recently received a letter of interest from the Overseas Private Investment
Corporation (OPIC), a US government agency which promotes investment in emerging countries.
Subject to usual review and approval processes, OPIC may provide finance to PEK