Ann: Siviour Battery Anode Material Study Results, page-205

what's clearly evident is that most people are confusing NPV as capex..
NPV is net present value, not the capital requirement to build.It It's the current significantly reduced value of the project.

Stage 1 cost $214.5mil
Stage 2 cost $394.6mil
Total $609mil

Curent cash held $120~mil
Gov loan $185mil

This more than covers the cost to build the mine. The remaining 300~mil will come via loans/pre paid offtakes/institution funding. Given the projects profitability and mine life which is more than the quoted 40 years as the latest drilling shows significant extentions to whay was currently used.
I can see the official announcements coming very quickly now that the BAM is out.
Those blabbering that this wont get off the ground have no idea about the significance of this project to the Australian government. China has 100% control and this needs to change.