My understanding is there is a difference in the cashflow timing.
The Govt $6m awarded in April- May hasn't arrived yet and is being paid in a couple of tranches. It was delayed by the new government and re-approved just recently.
That money is part of the $20m which has been spent to finish the production line (wetscreen process, ore sorters and improvements to production plant).
The $10m from the Royalty deal is coming but is still in tax and legal due diligence as mentioned in the announcement.
Finishing the production line has allowed tungsten extraction to be increased from 20t to 50-60t per month. The aim is to increase this 90-100t per month, but the slurry pipe needs adapted further.
While this raise not planned, it will eventually mean they have more $$ to expand the drilling program. We have been wanting the resource size to be increased. This will allow this to happen (once the grant and Royalty money is paid).
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