They currently have LOI's on both the offtake and funding sides. From what i understand, each side wont commit until the other formally does. I believe they are seeking some form of underwriting function from the govt to get the funding commitments across the line which will bring subsequent binding offtakes. As soon as the first domino falls, the rest should move pretty swiftly allowing FID. Bit of a chicken & eggs situation at the moment. Andrew Tong has been in both Canberra and Stateside recently for negoatiations so here's hoping they can find a resolution.
I'm sure there's more in play but that's my understanding.
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