Banter and general comments, page-78

Our managing director was asked in an interview less than a month ago about the prospects of a capital raise and his reply was they are working on the finance deal for developing the Finniss project which would cover construction costs and as such no capital raising would be required. They are not going to do a CR to raise $100 million to fund development. It will be a debt package supplemented perhaps by advance payment on offtake deals and the NT government grant. They have money in the bank to fund current operations and exploration so imo a CR is not on the cards atm and certainly not inevitable. Personally I would not be adverse to a CR to a major player to take a cornerstone investment, but I don't think it's going to happen.

As for yahua I am confident that they will increase their offtake, but it's more a case of them deciding to take more than us 'giving it to them'. I wouldn't expect any change in current arrangements until after the updated DFS is released though (but very happy to be surprised).