News: Video: West Musgrave Project – Management update, page-5

Actually he said feasibility study but we know what he means.
He said the test inputs ready by end Sept. They take those and mine (rough) plan with Whittle etc. and write the report including financial analysis calc. So end of Oct. is right.

What is not said and strongly in our favour is, OZL funding and demanding the FFS means a more accurate FS before we go to DFS. These things are loops which get refined with each iteration encompassing further
information and knowledge. The extra earlier step is likely to benefit the project economics significantly because you spend and waste less money (get more bang for you buck) in the earlier stage of mine design.
In the case of the WMP the FFS was highly warranted given the size of the ore body and the characteristics still being discovered.
for example
CAP expenditure est.for FS is usually +/-25 to 30%
CAP expenditure est. for DFS is usually +/-10 to 15%

We've thrown in a FFS. CAP expenditiure +/-20%. which should make the CAP est. expenditure for DFS closer to +/-10% accuracy. Which for this project is big biccies.

I apologise if this has been said before or I have rambled.