Ann: Sconi Project in Due Diligence Phase for NAIF funding, page-268

Its a huge positive for AUZ mines to find itself at the DD phase of NAIF funding process and should not be underestimated.
NAIF are here to facilitate and promote the development of Australian projects in each and every way that they can. In doing so NAIF promote Australian jobs for communities in Northern Australia and the wider economy.
NAIF provide support in many ways to facilitate project development within their wider mandate. That means anything from low interest loans to interest capitalisation of said loans and numerous other instruments in between. Remember in a nutshell the intent is to promote and assist with project development for the greater good and they will do whatever they can within their remit to do so.
The NAIF deal could amount to hundreds of millions of funding dollars at lowest possible market rates. I see that as a smart move by the BOD. Why wouldn't they seek to secure such exceptional funding and endorsement in effect of the Australian government ?
NAIF are not here to 'resurrect the dead' but to be a catalyst in times where for numerous reasons exceptional projects hit headwinds or simply their path to development can just be made easier and more certain.
As already outlined in many of AUZ announcements funding is likely to be combination of several instruments and entities. The strategy by the BOD is a smart one ie having the best possible package of funding options to be called upon to facilitate the project at any given time.
Its obvious that behind the scenes we are entering an exciting and significant period over the next 4 weeks with BFS delivery and funding likely to happen in tandem rather than sequentially followed by SKI uptake
Good luck to to all holders
Killfeather