Ann: Quarterly Activities Report - March 2023, page-42

"10,000tpa Operation Pre-Development Works
Following regulatory approval last year, the Company constructed an additional ~20hectares of evaporation ponds to complement the current ponds in operation. The larger10-hectare pond has commenced lithium brine concentration operations, whilst theremaining ponds have recently been constructed and will commence brine pumpingoperations when required.
The Company is continuing to progress other pre-development works for the 10,000tpaoperation including renewable energy/power sourcing arrangements, industrial waterdrilling operations, preparing for detailed engineering/scheduling works, preliminaryengineering for the aqueduct operation, and realignment of the site access road."

This company is very tight with its money (which is good), I can't see them spending time and money on pre-development works for the 10,000tpa expansion unless it's a certainty to happen. The 10,000tpa expansion approval then clears the way for the offtake and finance agreements. It will happen!