Ann: TECH Project Approvals, page-56

Honestly, looks like you have done minimal due diligence.
At no stage has management talked about funding this project through massive dilution. Quite the opposite. They have engaged debt financiers and KPMG to ensure optimal capital structure with minimal dilution.
I would not be surprised to see the project almost entirely debt financed with a small proportion going to those with a vested interest in the project, like GM, New Caledonia.
The upping of the original production plans was at the bequest of GM who then signed a legally binding off take for life of project.....financiers love nothing more than guaranteed sales/cashflow.
DYOR