need for a capital raising

The ppt states that project capex is A$30m and that it is 85% complete.

Now I'm not sure how the 85% completion figure is determined but....

15% of $30m = $4.5m

Yet the report also says cash on hand is $7.5m.

So, they may well sneak in without a capital raising or at worst, a rather small raising (an option issue with a long expiry date to loyal shareholders Taff?) may suffice?