Ann: Phase 1 Economics Updated and Improved, page-40

Engagement with debt providers is well advanced, which has led to a target debt range of 60% to 70% of the total funding requirement being considered for the integrated Project.Engagement with commercial banks, development finance institutions (“DFIs”), export credit agencies (“ECA”) and strategic investors is ongoing for a full Project funding solution, with the objective of securing commitments in the March 2023 quarter.

The above combined with the updated project cost now gives a clearer picture of funding required over and above dept funding.
Taking 65% debt funding ( an average between 60 and 70%) leaves 35% or $US93m ($A140m) to be found by other means.
The other means appears to be export credit agencies and / or a strategic partner, so challenging times ahead . A strategic partner would either take a stake in the Company or a stake in the project.
We will just have to wait to see how that pans out but it has to be done to get us to production and revenue.
The bottom line is there will be more dilution ahead in some form before we start as a producer, which is what all startups have to endure unfortunately.

Cheers Whisky