General Discussions, page-17358

Wording on the ann (below) is not exactly clear (but may lean toward your hypothesis). However the government's support for onshore downstream processing of minerals would not be in doubt either. I would be very surprised if the gov did not support the funds being applied directly to the BAM factory in Adelaide as a part of "the development of the Siviour Graphite Project in South Australia".

I just don't see the strategy in raising another $70 mill now, if not than to progress the mine ASAP.
(Other than the Market Cap being very healthy, so "why not?" I guess).

https://renascor.com.au/wp-content/uploads/2022/02/2336157.pdf