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Speaking today in a couple of hours.

And on the 9th or 10th Nick is in Singapore presenting...

https://energycouncil.com/event-pages/singapore/sg-speakers/

A lot of back an forth from Asia, may be we'll see the signing of any new contracts before the 17th? As this event is in London...

With pay day coming come, I hope Sea can hold on for me to top up.

Maybe £1 before next RNS?…

Time line map

https://www.petronas.com/myprodata/mbr

Has the blocks we might be interested in as signing Q2 2026

But will the next bit of news make a material change to the sp?

Come on… A little hint? 😜

Someone keen to keep it at 90p for now.

Are we going to a see a little push into the late 90s before news?

Give the damage and damage long term. Surely people will start to look in SE Asia more…

13:41 --- *IRAN ATTACKS DAMAGE 17% OF QATAR LNG CAPACITY FOR 3-5 YRS:RTRS

Bit of drop today…

Thanks for the reply. I’ve been looking at the link below. Permata is delayed, so maybe a knock on effect?

https://www.petronas.com/myprodata/mbr

Any guesses or has any one any ideas to the ongoing delay in news here?

USTDA focuses on early-stage project prep, funding things like feasibility studies, technical and environmental assessments, and front-end planning—not building mines or full infrastructure.

Across all sectors, their average grant is around $400,000, usually for small scoping or desk studies. In the critical minerals space, they’ve supported larger feasibility studies, sometimes in the $1–$1.5 million range. Mining project studies can cost several million dollars to complete and help de-risk projects for investors, so USTDA grants for these studies reflect that scale.

For a rare earths project, estimated USTDA support could be:

Lower end: around $1 million for a moderate technical or feasibility study

Mid range: about $2 million, often assumed when exact figures aren’t disclosed

Upper end: $3 million or more for larger, more detailed studies including environmental reports and engineering assessments

Earlier USTDA‑style supported projects

Metalex Africa Zambia – received funding for a feasibility study to expand the Kazozu copper and cobalt mine in Zambia, with the grant around US$1.4 million.

Eramen Minerals Inc. – received a grant to support a feasibility study for a nickel and cobalt processing facility in the Philippines, reported at approximately US$5 million.

Submission date 3rd August.

Awards Q4 2026.

PSC signing Q1 2027.

Could it be a financial vehicle too?

Yes, new block news makes sense. And given that it’s delayed by Petronas’ time line.

Happy to wait a little longer. Bit annoyed missing out on other opportunities.

Are we seeing a delay on the farm in because it’s linked to the possible awards of new clusters?

Agreed. Maybe his time in Indonesia and Thailand will be useful for Sea of they start looking outside of Malaysia.

Interesting that Wan Yi Seow was there, given she’s in finance.