From quarterly
"Following receipt of long-lead items, including the innovative CT1 mineral separation spirals and flex plant by Mineral
Technologies and camp accommodation facilities, the updated remaining capital spend for Atlas as at 30 June 2024 is
estimated at A$35 million (including 15% contingency)."
As there is only $A34.4 million in cash at 30 June and IMA will need to pay head office overheads for several quarters and operating costs when plant starts up until first revenue is received. IMA will need to borrow presumably against future revenue. Any delays in start up will increase debt needed.
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From quarterly"Following receipt of long-lead items, including...
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