VR8 lays groundwork for a faster V-Iron funding pathway

• DFI applications being finalised, with evaluation expected to take up to six months
• DFS estimated at approximately US$3 million and targeted for completion within nine to 12 months after funding
• Early environmental, infrastructure, bulk-sampling and lender-alignment work to begin where existing funds allow
• Potential project improvements include lower concentrator capital costs, stronger slag pricing and cheaper renewable power