They spent 17M on MCP exploration in Q1 because they remain confident about obtaining an approval eventually. What they are not so sure about is WHEN.
Pg8
“We continue to target the potential recommendation by DPIE to the IPC in the first half of FY22 while recognising that the actual timing of any decision is largely outside of the Company’s immediate control. Despite the lack of final approvals, Regis continues to progress the Definitive Feasibility Study (DFS) as far as practicable and remains confident that a robust project awaits to be delivered for the benefit of shareholders and stakeholders. At this point the Company is not planning to finalise the DFS until DPIE makes a recommendation on the project.”
It’s interesting listening to the Sep Quarterly Webcast.https://regisresources.com.au/wp-content/uploads/2021/10/RRL_QTR_261021_Mp3.mp3
They spent 17M on MCP exploration in Q1 because they remain...
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