Very Low Leverage / Zero DebtZero reported debt in 2024–2025 materially reduces solvency and interest-risk, giving management flexibility to prioritize project work or exploration. Over 2–6 months this lowers bankruptcy risk and preserves optionality for accessing capital on better terms when needed.
Improving Cash Burn TrendA declining operating cash outflow indicates tighter cost control and stepwise operational progress. If sustained, this extends runway, reduces near-term external funding reliance, and improves odds of reaching a value-inflection point from exploration or asset monetisation.
Strategic Focus On Lithium For Battery SupplyOperating in the upstream lithium space aligns with long-term structural demand from EVs and grid storage. A clear thematic focus supports strategic partnerships, potential offtake or JV interest, and optional monetisation paths that remain relevant over months as battery demand grows.