Best timeline I'd guess, post EPA/Ministerial approval:
Formal offtakes 3-6 months Finance +3mnths after offtakes Final design and procure, confirmed transport/port contracts, etc in parallel with offtakes and finance, ready for signing ->DFS/FID Completed production trials and optimisation, recruitment Production start-up 3-6 mnths
=> prodn in 12-15 mnths from Ministerial approval
The last presso said construction in 6-8mnths from final approvals. I'd include EPA/Minister/offtakes/finance/final DFS/FID all complete as "approvals" before that 6-8months starts, so consistent with the above
rerates with approval offtakes finance FID prodn/cashflow and ramp up Muchea progress
VRX Price at posting:
4.3¢ Sentiment: None Disclosure: Held
