However, due to financial challenges the company said it expected a delay on the project.

The company said there were many activities currently in progress and it had decided to reduce the rate of work until additional funding had been secured.

This will result in some delay to the overall schedule.

This approach will enable careful management of funds while continuing to make positive progress in very challenging financial markets.

Current work focus for the company is to refine and complete elements of the flow sheet and design by building on the results of the previous work programs.

Read more in Tuesday's edition of the Whyalla News.