Sell down, page-69

The company has said many things that never became a reality. 60kMTUpa, one container per week, purchase of long leat time equipment items, you name it. Once you accept that this clearance is one of the conditions precedent that they continue to cite for the never ending delays, everything makes sense. Otherwise it doesn't. The stockpile clearance had been obtained during Q3-2013, the Plan of Operations during Q4-2013.

"Carbine Tungsten Limited (ASX:CNQ) (“Carbine”) announced today that the final approvals have now been received relating to the Plan of Operations for the commencement of a facility for the tungsten stockpile processing phase of the Company’s Hard Rock Project.
The approvals included a processing capacity of up to three million tonnes per annum at the Mt Carbine Project, a new hard rock processing facility, and the extraction of ore from 12 million tonnes of hard rock stockpiled tungsten material. The approvals were granted by the Queensland Department of Environment and Heritage Protection (DEHP) and formed the final permit required to immediately commence construction and operation of the processing facility. In addition to the Company’s current tailings reclamation facility, these approvals allow Carbine to significantly increase production capacity and advance the objective of becoming a major tungsten supplier.
The approval follows the granting of the Environmental Authority by the DEHP in August 2013, also covering the stockpile processing phase of Carbine’s Hard Rock Project development program."