Ann: Robust DFS Paves Way For Talga Battery Anode Project, page-308

Yes, that makes sense. Assuming an agreement with a large customer came too close for the original finishing date of the DFS in March to adapt plans in time. This explains:
* Additional purification of the graphite to hit higher consistency levels, required by the customer for mass producing cells for EVs. I dont think its for higher performance as that was already good enough.
* Additional investment in coating. Likely the customer has specific requirements on the coating to work with the rest of the battery chemistry, which caused Talga to alter or improve its coating process.
* Changed factory footprint and layout to accommodate for the difference in concentrate refining.
* Change in factory required new site assessment to increase factory footprint and ultimately change factory location, which delayed original DFS date.
* Changed production timeline due to more complex refinery and to align with customer Gigafactory timeline
* "kicking of goals in the background" but no cheers by the crowd because its not visible yet

This is a very bullish narrative, not gonna lie, but it fits all the data we have. I need to stress its pure SPECULATION until it isnt. Consume with caution. I would love to see an alternative narrative that ALSO fits all the data and is bearish.