General Discussion, page-771

Tony is a seasoned veteran to mining exploration and development. Therefore as any with experience would do, the next logical step for CRML is an updated DFS or BFS. Given Wolfsberg project includes a hydroxide plant, and the more expensive of all cost is energy, it's by sheer luck or a master class getting a deal with the Saudis with aligned interests on lithium refining. The Qatari Govt called too if any one care to remember, leaked most likely to create competition. The Saudis know Wolfsberg project has competitive options, just as BMW knows they are not the only OEM and CATL made offtake offer before them, hence the binding agreements with both BMW and OIG. So it therefore makes sense why DRA Global are in KSA right now and have been working to update the DFS for about a year now, since BMW gave their blessing to move the planned hydroxide plant from Carinthia to KSA. Carbondriver more than any other on these threads would/should know what I'm talking about.

A reminder to all seasoned mining investors. DFS is only as good as the assumptions in it. When a company gets to this stage, it's all about funding not much else. Some gets lucky to have backing from deep pockets able to progress without needing billion dollar bank loans committed. Most, like EUR.. don't. So before any meaningful development, DFS needs more resources, lower cost, betterl no environment impact assessment and/or higher commodity prices. Economics of which can be shown formally via an updated DFS/BFS.