From previous releases the POX/MHP could be a standalone POS project located at Black Swan, if they choose to go down that path. PBT's process can take MHP or smelter concentrate feedstock, so POS doesn't have to build a POX plant to supply PBT, but if POS restricts itself to the smelter concentrate option it has less customer options, lower payability, and a smaller resource (as the Talc contaminated ore can't be processed). So I fully expect the BFS to point towards the POX option as the final goal, maybe with some early concentrate production to get some up-front cashflow.
Ann: Quarterly Activities Report - June 2022, page-4
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