3rd June 2025
A. IR representatives or the Company cannot and is not qualified to give investment advice.
What we can say with certainty is that the company had a higher valuation four years ago, well before it had drilled out Orom-Cross to 25Mt JORC Resource; completed a successful PFS; or carried out extensive metallurgical testing to get qualified with OEMs; added several exciting offtake agreements; added US$5m of free cash via DFC grant funding; added a few tier one funding partners or get close to DFS completion.
3rd June 2025
A. It's too early to say what any deal would look like for AFC at project level as the Company has not started discussions with them or anyone else at this time.
We envisage commencing discussions once the DFS is completed.
What we would draw investors' attention to is the standout NPV, IRR, cash flows that will obviously provide a higher value for funds brought in at project level (based on the value of the project) as opposed to the current market capitalisation of the listed company.
3rd June 2025
A. Obviously, we cannot disclose any information not in the public domain.
What we can state here is that the Company is currently seeking innovative financing solutions, as we have already proven we can do and done with the DFC grant, and is in active discussions.
The company will always disclose finance partners as soon as there is something material or price sensitive to announce.