Ann: MOU with Noble Group to Facilitate Monetising Stockpiles, page-9

Does any one know what sort of bond, if any, we have attached to our exploration license? And if we do eventually get approval for mining (I presume you need a mining lease to process the stockpiles) whether there will be a security bond attached?

I can't see us having enough funds to monetise the stockpiles, even with $500k up front, without a CR.

The approvals process needs an environmental impact statement, mining operation plan, mining lease, a public notification and probably consultation and who knows what else which all sounds capital intensive to me.

There will be a raise, probably in February, in order to finish Phase 2 (even though we've been told it's fully funded, it's taking 3-6 months longer with a whole heap going in admin that wasn't taken into account when we were told that), monetising the stockpiles and exploring Broken Hill.