NAIF can lend up to 100% of the debt and are under pressure to spend the money as the shortage of mining projects during the last few years has given them slim pickings. They're not a funding 'shortfall' facility, any other party that wants to be involved just has to try a lot harder to beat concessional finance. Slap this and an offtake agreement together and the thing is full funded. Then what's left? Just the DFS and a start date.
Ann: Sorby Hills progressed to Due Diligence by NAIF, page-17
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