Ann: Quarterly Cashflow Report, page-2

"The persistent downtrend and current weak lithium market pricing has given us cause to reassess our capital allocations. Delta is committed to prudent capital management and we will look to prioritise Yinnetharra exploration with a view to growing confidence in our larger asset while we consider
development options for Mt Ida.

The Company is planning for success and actively looking for growth opportunities, and we are confident
that 2024 will continue to deliver exciting progress for Delta Lithium.”

and

"Early exploration activities are planned for the DAL tenure alongside continued exploration at Yinnetharra
in the first quarter of 2024."


Sounds like continued cash burn drilling. I see 24 playing out for mass cash burn through the capital, before positive results leading to a massive cap raise to commence production. This will allow MIN to go to 40% ownership on the cheap before launching a TO offer around the 30c mark