AVL 6.67% 1.6¢ australian vanadium limited

WTF BFS?, page-25

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    I think it is all in the wording.
    The last cr will be APPLIED TOWARDS
    Completion and delivery of BFS
    Final design and build of electrolyte plant
    Drilling Coates.

    The Coates drilling has to be completed within 2 months as a condition of the $112k Gov grant.
    The electrolyte plant must be built by August 2023 as a condition of the USV vanadium oxide supply. For the Commonwealth grant $3.69m the plant must be built by 31/3/24.
    I can't find a date for the construction of the electrolyte plant.
    Also does anyone know where the vanadium oxide is being converted to electrolyte now, is it VSUN?
 
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