Ann: Annual Report 2016-APG.AX, page-18

From today's quarterly report:
Austpac continues to progress the draft licence and investment agreement with a company which has a significant heavy mineral resource in Asia to use the ERMS SR synrutile process. The company plans to beneficiate the heavy minerals and produce ilmenite, rutile and zircon. It also plans to add value to the ilmenite by producing high grade synrutile which it proposes to sell as feedstock for the titanium sponge industry. Minor modifications were made to the agreement during the quarter and it is anticipated it will be signed once final approvals are obtained.

I'm wondering what the final approvals are obtained means. Do they mean approval from "the company"? I'm assuming those "minor modification made to the agreement" were done in consultation with "the company" so I wouldn't think the final approval would take very long. I really am getting tired of this ongoing saga when 3 months ago a deal was imminent.

Tez.