FIRB will only have a decision to make if the investment is over...

FIRB will only have a decision to make if the investment is over approx $200m or the assets are of "national interest" to Australia.

"National Interest" being linked to military, key ports or infrastructure, key deposits of a mineral etc.

Neither the investment by NMDC nor the assets tick those boxes, so it is more a box ticking exercise of notifying FIRB rather than waiting on a FIRB decision if the investment was over $200m or the assets were of national interest.

Firb have 30-40 days to review the notification made by Legacy to them. I would expect no issues and a response prior to the EGM.