- With regards to the future funding of the Project, the Company is in discussions with industry participants with potential to provide financing as part of an offtake, in addition to traditional means of debt and equity financing. ( “On the back of our recent trips to Japan, China and Korea, we now look forward to advancing discussions with industry players for potential offtake and financing and progressing the Project towards the completion of a BFS in the first half of 2019 for which we are fully funded.”
- The Company plans to initiate a Bankable Feasibility Study (BFS) whilst progressing negotiations with industry participants for potential offtake as a part of de-risking its production profile. The Company should benefit from a number of activities already completed during the PFS including a more detailed Mining Study, Environmental and Permitting commenced, potential resource upgrade, initial HPQ studies.
Excellent PFS result today. Very happy investor.
FYI Price at posting:
11.5¢ Sentiment: Buy Disclosure: Held