$8.1m cash in hand.
$2.8m burn expected this quarter.
Pilot study ongoing is underway and will provide magnetic concentrate for bench and pilot work downstream. .
Native title holders agreement "should be achieved by the end of the year"
Feasibility Studies
Results from the Pilot Study are providing input into the feasibility studies which will provide potential
project financiers with the information they require to make an investment decision. Discussions
with companies in Australia and overseas who are interested in either joint venture or project investment continue to progress.
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As always, it comes down to that last one. Cash in hand will run out July next year without further investment...
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