It will be BFS work at a minimum which should include work on the pilot as per the wording of the PFS. Best to email the company to confirm if you need to know.
I wonder if the cash will last and also as a rule of thumb if it does, then the cash balance will be quite low which is bit of a faux pas. Unless Roly expects news relating to off-take or something like that to give a boost to help with a top up. Would be frustrating for the next raise to be a down round (i.e. issues stock at less than the 8c of the last raise).
FYI Price at posting:
9.0¢ Sentiment: Buy Disclosure: Held