New JORC 2012 Van Uden, page-2

Without a near-term CR - yes.

There are at least 4 demands on TG6's cash and until some more comes in, IMO at most two of these can be funded properly. These are:

1. Funding BAU operational costs
2. Funding costs associated with turning the "low" grade ore piles into cash
3. Funding costs associated with designing and preparing to mine at Van Uden (via toll arrangements)
4. A wider regional exploration program

If TG6 tries to do more than low-cost types of expenditure on 3 and 4, there's a strong likelihood cash balances would be exhausted before toll treatment of Van Uden ore replenishes balances. TG6 can't let cash be exhausted and doesn't have any borrowing arrangements so IMO they can't be doing #4 until after toll processing some gold bearing ore.