Agree with the sentiment, but I don't believe these funds fully finance stage 2. They are sufficient to enable the feasibility study in line with investment decision in December, along with buying some of the long lead time equipment. From the release document: "As a result of the Placement, Lindian expects to immediately progress to a DFS for the Stage 2 expansion, with a targeted Final Investment Decision (“FID”) in December 2026."
I think further funds would be needed to get to 100ktpa, hopefully they can be self-generated though from Stage 1 production profits, but that is what the DFS will tell us in December.
Agree with the sentiment, but I don't believe these funds fully...
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