Dubbo

Board Decision on Dubbo FEED/Basic engineering is imminent, according to the published milestone chart, of a company that has been meticulous for achievement on milestones.

KMP should also be progressed to construction. Design work done, so a metal plant at Dubbo could be costed. It also helps give a likely footprint and potential optimization of having a mine process plant that could connect to it (we have some handy cattle grazing land). EMP annoucement would not be far behind I suspect

Our South Korean partners are optimising our construction (mine and metal, due May 2020) and they need to be able to build and connect what they need for their plants. We already have money and have started to accelerate detailed construction design. A lot of common interests. A strategic partnership but separate ownership for specific assets could attract multi govt assistance.

You would also have to think that anyone 100% reliant on China supply chain to continue in business, in a growing market would love to contribute an equity stake to get offtake within 12-24mths. Makes you wonder who the investors were that the May 2021 presentation was prepared for. Seemed to stress sustainable, alternate, secure, accelerating, Last chance in?

Potentially a Dubbo announcement in June could be a bundle.