It’s not.
At DFS stage with all approvals and Native title in place.
Updated financials expected as per last quarterly.
The PFS has been reviewed by a leading global EPCM company, see last quarterly.
Major project status awarded.
NAIF funding is almost certainly guaranteed but as per my comment over on KLL this is a different proposition to KLL.
Financing and offtakes are the major remaining risks ahead of development.
On paper this project has the lowest capital intensity in the sector by a significant margin. The PFS financials are highly conservative.
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