If the additional bores and modelling have been completed (unbeknownst to holders) and the MMP has been finalised (or the CLC are happy with a commitment to complete it as per conditions) then it’s likeky that CLC agreement will be come through sooner rather than later.
If the modelling has not been completed and the CLC want to see the results (remember that they made this recommendation!) within the MMP then we’ve got a delay on our hands no matter how we spin it.
Personally I’m not confident that we’ll progress mine or refinery finance (and associated due diligence) without watertight permitting and the TiO2 offtake. There’s no way KFW/Euler Hermes will even begin DD until the refinery EIS is locked down.
Mining investment 121, page-176
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