Is Final Investment Decision (FID), further on the horizon?

The AUD is currently ~ 0.63 per USD.

Kachi CAPEX ~ USD1 billion = ~ AU$1,587,300,000

AU$1,587,300,000 x 30% = ~ AU$476,190,000



Lake held cash of AU$175,444,065 as at 30 June 2022
less "further" DFS costs = ~ USD34.5 million = ~ AUD54,762,000
less "exploration work" = ~ USD112 million = ~ AUD177,778,000
BALANCE: ~ negative AU$2,389,000(excluding Promnitz loan for AU$1mil, unrecognised)

WMC Energy (provided conditions precedent are met) = 154,347,945 shares @ AU$1.20/share = ~ AU$185,218,000
Lilac (provided conditions precedent are met) = US$50 million = ~ AU$79,366,000
TOTAL: ~ AU$264,584,000

Therefore,
AU$476,190,000 (30%)
less AU$264,584,000
BALANCE: ~ AU$211,606,000 (Funding Gap)

IMO DYOR