"Process Plant Options The company is assessing potential options for processing of Victory Bore concentrate in offshore locations to provide operating and market advantages. The company has engaged with several offshore proponents and will provide an update when agreements are reached."
This should speed things up if the processing facilities for the concentrate offshore are run by third parties and already built.
No processing plant onshore to build like AVL and TVN are doing, which requires more capital and separate EPA approvals etc.
Ann: Victory Bore Vanadium Project Update, page-6
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