Ann: Shareholder Update & Acquisition Completion, page-28

This is a possible strategy KFE will use as the managers at Karara did when they constructed their magnetite plant at Karara using the newly acquired WA deposits to fund the Agbaja project. As stated feasibility studies on the Agbaja are going ahead .
https://hotcopper.com.au/threads/ann-chairmans-address-to-shareholders.6433664/

https://www.kararamining.com.au/our-business/mining/
The early development of Karara was supported through the exploitation of small-scale satellite deposits of hematite iron ore. Australia’s iron ore industry is historically based on the mining, production and export of high-grade hematite iron ore. Hematite ore makes up the bulk of Australia’s iron ore production and of the global seaborne trade in iron ore. High-grade hematite which can be shipped directly to customers after simple processing (crushing, screening, sorting and blending) is often referred to as ‘Direct Shipping Ore’ or DSO.
The satellite hematite orebodies at Karara that were known to be economic have been mined and are now exhausted.
The deposits KFE have acquired are a lot closer to port for trucking and shipping than Karara was.
Good luck all.