E3Sixty Limited Pre-IPO Offer - Precious Metals Extraction from E-waste, page-267

Not sure where you're getting your information from.
Oct 23
'Due to the hard work of our metallurgy team, we are excited to announce yet another processing milestone. Based on assay reports, the gold recovered through the Sircel hydro-met refining line reflected a physical recovery rate of precious metal against assay of circa 98%. The gold ingot was recovered from PCBs (printed circuit boards) that were processed at our Derrimut facility. The gold output and extraction efficiency verified the effectiveness of the refining process and methods developed by our metallurgy team. The weight extracted was precisely on our target, demonstrating the superior recovery capability of our world-leading process.With the recent upgrades to our South Sydney facility, we now have the capacity to refine one tonne of mixed metals per day'

Jan 24
SIrcel have a $39m funding arrangement to be repaid with a forward sale contract of gold.
You think they's have that in place with a financer without producing any gold?