My key takeaway:
"Discussions with international investment funds are at an advanced stage to secure funding for the next stage
of the company’s development including the Definitive Feasibility Study (DFS) for the Kachi project (see ASX
announcement 9 October 2019) and the intention is to update the market soon."
My feeling is that there are still a few short term boxes to be ticked - probably:
- proven operation of the Pilot Plant at scale (looks that way so far)
- confirmed BG quality, high purity Lithium Carbonate samples (just waiting on those test results)
- qualification of samples by potential offtaker/financier (likely before Christmas)
Then my friends, I believe we are off to the races!
Ann: Quarterly Activities and Cashflow Report, page-8
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