News: AEV Avenira Receives Mining Authorisation For Direct Shipping Ore Operations, page-376

This is an extract from gassed,

I think he is correct


Most recent potential outstanding news was from the QR on 29 April 2024.
Now, keeping in mind that the next QR is within a week, these might be what's stirring the pot.

Highlights
• During the Quarter, Sichuan Hebang Biotechnology Corporation Limited (“Hebang”)
was progressing a Scoping Study for the development and operation of the Yellow
Phosphorus Plant (“YP”) at Wonarah. The YP Scoping Study will form the basis for
Avenira and Hebang to negotiate binding agreements covering the funding,
construction and offtake of the YP Project.
• Hebang has provided to Avenira a draft executive summary of the YP Scoping Study which is
currently under review by Avenira.
Yellow Phosphorus Project
On 4 December 2023, Avenira announced that it had secured a binding strategic equity
investment of A$2 million and a non-binding Strategic Cooperation and Offtake Memorandum of
Understanding (“MOU”) from Sichuan Hebang Biotechnology Corporation Limited (“Hebang”)1
.
The MOU outlined Hebang’s commitment to contribute to the investment, construction and
operation of a Yellow Phosphorous Plant at Wonarah with an initial nameplate capacity of 50ktpa.
The Scoping Study will leverage on Hebang’s extensive experience and capabilities in building,
commissioning and operating plants around the world.
Avenira will provide further details regarding the YP Scoping Study upon Hebang and Avenira
agreeing to its findings..