Site works have commenced:

[Fundamental]

Wednesdays Sentinal Satellite image is showing clearing work has now commenced in the future Processing plant area.

 

[John]

So how does it work now? They keep working with the partial finance amount they have locked in, and meanwhile management will secure the rest of the finance (and bind the off take for Phase 1)?

Do we know approx how much money they have commited for this part of the build? And how long this will take?

I guess the question is...what is the date they need the rest of the finance locked in...to prevent construction being paused?

 

[Fundamental]

So how does it work now? They keep working with the partial finance amount they have locked in, and meanwhile management will secure the rest of the finance (and bind the off take for Phase 1)?

Do we know approx how much money they have commited for this part of the build? And how long this will take?

I guess the question is...what is the date they need the rest of the finance locked in...to prevent construction being paused?

The total finance package is now locked in and available for draw down when required. They are spending the equity component first to avoid paying interest as long as possible. Phase 1 of the build will progress over the next twelve months, possibly quicker as it is modular with a period of 3-6 months for commissioning to follow that. Should be delivering product to market by Q1 2027 at the latest. Phase 2 will follow very quickly as the customers are banking up! pun intended.