PNN power minerals limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-5

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    yeah i believe that is the case, funds for development of Incahausi. should be noted though that part of Summit's earn in conditions to gain the extra 15% in the JV are that they pay for the PFS drilling and testing work at Incahausi, given that work is a significant part of the PFS work, one would hope the $3m we have just received is spent appropriately and we do not need to raise again for some time for this side of the project. If Summit are paying for the drilling/testing and presumably for their tech development along side this then we may be in a very good position heading into 2024 when Summit has stated they will have an operational pilot plant by mid year.
 
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