Clearly not ideal that there are some outstanding issues with the CPs / EPA approval not in yet, but financial close being delayed certainly isn't unusual in my experience, and isn't necessarily a cause for concern (understandable that some people might interpret it this way though)
On the undoubtedly positive side, test pumping rates from the bores are well ahead of the BFS assumptions, as is the grade, on average.
And the copy and paste below also bodes well, presumably indicating a potential resource upgrade in the future?
The contribution of high grade brine inflow from the weathered basement aquifer into the paleochannel basal sands
aquifer presents an additional source of brine that was not incorporated in the Mineral Resource Estimate and not
incorporated in the production plan underpinning the Ore Reserve.
The results from the paleochannel exploration drilling campaign continue to validate and indicate potential upside to
SO4’s BFS brine production model in terms of the location, continuity and depth of the paleochannel basal sands and
brine grades.
