This anouncement sounds to me like we are getting ready for another capital raising.
I don't see any strong reason why CWE would be chasing further sites when they alreay have a plethora of sites already under investigation.
The only pice that give me a slight amount of hope is that a minister was used to make the anouncement although being in the midst of an election I think any minister would jump a the chance to deliver a little bit of good news that has little strength behind it.
If I were in charge down at Freo i'd be concentrating on getting the scale project finished and start showing some promising results.
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