Ann: Resource increase at Montepuez Graphite Project, page-22

Very nice. Operating in a JV as such this isn't an unusual option, especially for a strategic partner looking to vertically integrate. They'd cover half the working capital also. In lieu of equity or debt finance this option would get cash flow going. The value we'd realise is selling a whole asset likely wouldn't generate this much value.

I should add that 50% of CAPEX for a 50% stake would be the bare minimum price you'd expect for such an arrangement.