Ann: Notice of General Meeting/Proxy Form, page-57

LG can buy part ownership of Sconi. Similar to the deal Kidman did with SQM (Mt Holland Lithium, prior to WES takeover).
The latest MST report puts cappex at approx $1.2b AUD and gives us an NPV of $325m.

If we sold LG a 50% stake in Sconi for say $200m, LG will stump up 50% of the cappex, then after proceeds of the sales, we'd need $400m, which would be much easier to raise as it would be be an investment into a mine 100% certain coming into production for highly desired commodities.

Bank funding should be on the table for almost the full amount if we were in that position, any balance could be a achieved with a final cap raise.

I'm surprised BHP haven't shown interest in Sconi.

I can't see any progress of our management giving it a good push. Surely cobalt and nickel should follow suite with lithium