Ann: PEPR Approval for Siviour Graphite Mine and Concentrator, page-224

Yes I agree they are full steam ahead to sure up further expansion of the “following BAM study” by the looks, but I personally think the real news is the more imminent BAM, being the “BAM study is being designed to utilise the maximum processing capacity of 1.65 million tonnes approved in the PEPR. As pointed out by Topo, this equates to almost 100kT (as opposed to the current BAM of 28kT). Correct me if I’m wrong but we were expecting this BAM to perhaps double the previous BAM output. So this is big.

As far as the potential expediting of the following BAM by the current further drilling, my understanding is that this will be reliant on further PEPRs and quite possible extensions/further mining licences. So may yet be a little way off. Happy to be corrected.