As stated in the last NR, THE PEA IS SUBSTANTIALLY COMPLETE:

Further purification test work is underway to produce a potential range of purities that are required by end-users.

This is based on discussions with interested end users related to strict specifications under signed confidentiality agreements.

Once ready, the complete process flow sheet and associated engineering data will then be fed into the PEA which is now underway by RPA Inc. The PEA economic evaluation is substantially complete except for the final inputs from the purification test work. The final results of the metallurgical work and the subsequent PEA will be announced once completed.

So, we are waiting for exactly what they said we are waiting for:

The independent contractors and SGS to complete the process design which provides them the BEST RANGE OF PURITIES in order to establish the PRICE DECK of final products:

(AAA % at $$,$$$/ton, BBB% at $,$$$/ton and CCC% at $,$$$/ton = annual production of EE,EEE tons at an average price of $,$$$/ton)