Ann: Pilgangoora Lithium Update - PFS Mining Study Results, page-87

One step at a time I think. Next is DFS in March.
Financing is going to be impossible to work out at this stage.
It all depends on what kind of deal they get..
Outright buy
JV
Off-take with or without finance

Where it comes from and how it works is the question that will determine financing.
My best guess for AJM is that a deal will come from a Chinese converter as soon as DFS is out whether that converter be backed by CCP finance or not. I think the Chinese are going to move on pilg at some stage. They like nothing more than controlling resource and for their ev future that's critical. Of course the Japanese and Koreans will try to block that. All these countries are aware of the future of ev's and how critical a known Lithium supply will be.

If, they had no deal, they would move forward to the permitting stages towards a mine with a pretty small CR imo. Still a long way to go from DFS to a working mine and it needs to be fast. Which I'm sure they are well aware of.