Ann: Quarterly Activities Report & Appendix 5B, page-11

Some new stuff not put to the market until today. The co. are now talking specifics including management team and many of the project dependencies, which tells us that the TECH project is becoming real.

In terms of the project size, the details are interesting. There's demand for the 16kT/a nickel from the Koreans, the co. also say they have appetite for demand from other regions (N.America & Europe), which at least suggests they believe they can scale up further if need be.

The pilot plant will start up again soon and the reason for starting up again would only be to provide samples to the current and prospective customers, given the December run was to test end-to-end.

So there seems to be a pathway suggested here:
1) produce additional samples for review by customers
2) sign further MOU's if necessary to determine plant size required
3) use size to determine DFS metrics
4) sign binding contracts

I like it when companies provide clear detail about their intent, transparency helps everyone.