From the 2014 annual report. "Going Concern The accounts have...

From the 2014 annual report.

"Going Concern
The accounts have been prepared on the going concern basis, which contemplates continuity of normal business activities and the realisation of assets and settlements of liabilities in the ordinary course of business. The Consolidated Entity incurred an operating loss of $6,072,132 for the year ended 30 June 2014 (2013: loss of $6,633,114).
The net working capital surplus of the Consolidated Entity at 30 June 2014 was $3,848,158 (2013: working capital surplus of $806,388) and the net cash outflows from operating activities during the year was $7,551,957 (2013: $8,668,419).
The ability of the Consolidated Entity to continue to pay its debts as and when they fall due is dependent upon the Consolidated Entity settling $4 million in bridging finance; raising additional share capital; developing, joint venturing or selling one or more of its non-core assets or other assets; and the successful production and sale of Ferrotungsten. These conditions indicate a material uncertainty that may cast doubt about the ability of the Consolidated Entity to continue as a going concern.
The directors have prepared a cash flow forecast, which indicates that the Consolidated Entity will have sufficient cash flows to meet all commitments and working capital requirements for the 12 month period from the date of signing this financial report. The Directors believe it is appropriate to prepare these accounts on a going concern basis because:
• Ferrotungsten production continues to increase through the Vietnam plant;
• The Directors have an appropriate plan to raise additional funds as and when they are required. In light of the consolidated entity’s current exploration projects and status of the Vietnam plant, the Directors believe that the additional capital required can be raised in the market; and
• The Directors have an appropriate plan to contain certain operating and exploration expenditure if appropriate funding is unavailable."