You have "debunked" nothing, go have another read of ARU's FS, particularly IRR, & Patto's summary "incentive" price required $72kg, obviously you missed it first time.
And if you're still hoping for US funding $5/20M go DL the USG brief here and you'll realise ARU has snowballs:
https://beta.sam.gov/opp/4da8cf839f...nce&index=&is_active=false&page=1
Q remains, will Oz Govt link funding into US program, some indication they much prefer processing to downstream than holes in the ground.
MD on Proactive re: critical minerals & Washington, page-23
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