Ann: Rincon Resource Expansion & Strategic Developments Update, page-64

@Whisky49,@GCar
The 2ktpa plant we are currently building forms a modular part of the 10ktpa production target.

The US$141M capex was for the FULL 10ktpa plant and includes a 18.4M "contingency"...
Through the cap raise we already have US$30M which is being applied toward this production target.

The only funding needed is for the rest of the 10ktpa production target which is an additional 8ktpa..... not an additional 10ktpa.
Ergo... if there are no overhead we will need another ~US$110M

see fineprint in latest and previous announcements
"At the conclusion of the two-year period, it is the Company’s current intention that, subject to feasibility, finance, market conditions and completion of development works at the Rincon Lithium Project, the Company’s 10,000tpa production target will apply. The current 2,000tpa production target is intended to form a modular part of the 10,000tpa operation from its commencement."

Never ever has there been a mention of a 12ktpa production target.
Additionally ....One can be forgiven for misinterpreting their comms though.... it is anything but explicit....