Usually the DFS process is one of the significant growth phases,...

Usually the DFS process is one of the significant growth phases, with regular updates which hopefully confirm positive outcomes.

The below chart of another company shows the timeline starting with my redline which is about where we are at now and then rising up to the DFS release date with funding and FID decisions indicated by the circle.

Every company is different ARL can expect perhaps a government finance agreement conditional on meeting certain requirements, obviously the nickel price etc, along with that we may see some exploration and a lifting of the profile of our other projects.

My first thought when JV and DFS funding was announced was, so it begins.