TNG announcement 15 may 2018 Mount Peake received federal environmental approval.
" We will now proceed to seek to finalise the Mining Agreement with the CLC as soon as possible and secure our Mining Lease, which in turn clears the way for site-based construction activities to commence. In parallel, we have a number of financing and off-take discussions progressing."
Even though financing is progressing, for sign off one of the conditions precedent would be for a signed CLC and mining lease.
If this key condition is not met as scheduled, financial projections become too outdated and need to be redone for the banks risk parameters, hopefully TNG has a robust financial model that can be updated as soon as CLC and mining leases are signed to relodge with the financiers.
Just speculating, DYOR.
Very big milestone here.
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