But we would say that the work that they’ve been doing at the ISA in Jamaica continues to be constructive. And then from Dmitry Silversteyn at Water Tower Research with the post-collection test campaign, when will it be undertaken? How long will it be at C? And then how long before the data is shared? Good questions there as well, Dmitry. We are not giving specific data on when the campaign is launching part of that for security reasons. But it will be at for a good amount of time. And I would say, we do already have some sense of what the environmental regeneration in the collector test area might look like in part because we were there for effectively a month following the collector test last year and measuring some of those post disturbance effects.
So we do anticipate that what we’re going to see out of this post mining campaign is going to further add to the quality of our application, and we don’t expect there to be any showstoppers. But of course, we’re going to see what the research brings us. You can expect that some of the initial results are like we start rolling out probably towards the end of Q1 next year and then quite a bit more that in the second quarter as all of that then rolls into our environmental impact statement as a prerequisite for our application for an exploitation contract. We might take one more from the chat. And then if the operator can check if there’s any other questions in the queue on the phone. Ray Figaro [ph], is there a possibility that China will also submit an application in July of 2024?
I think what’s important to keep in mind here is in terms of the technology to collect the nodules, that’s something that we see a lot of parties potentially able to do in investing in it. And it’s not just China, Norway is investing heavily in this and you’re seeing some individual companies, mainly in the offshore oil and gas space, not only Allseas, but Transocean and others who are devoting assets here. So the technology is something that really that’s not where the competitive advantage is where the competitive advantages is having a great resource, having a resource it’s very abundant and high grade. But also having a team that’s been willing to, over the course of the last decade plus, focus so much on resource definition and environmental work.
If China were to want to submit their application, there was a prerequisite to have at least three-plus years of environmental baseline data. So that’s not something that you can really accelerate. That’s not something that you can say, well, we’re going to try to compress that down into a couple of months. You really have to put your equipment out there and then just observe it for a while and set a baseline to then measure your operations and what those impacts would be against that baseline. So that’s the element that would make it unlikely for China or frankly, any other contractor to submit an application within several years of TMC [indiscernible].
Operator: [Operator Instructions] I’m not seeing any phone questions at this time.
Craig Shesky : And then we’ll take one more question from the chat David Larkam at Edison Research. What’s the likely cost of the additional offshore campaign? And is it within the guidance cash flow for the requirements for the application? Yes, David, it is within our guidance, saying that what we would need to deliver that application following the July 2024 session, that amount of the initial guidance would be offset dollar for dollar for the capital raise that we’ve announced. So assuming that $23.5 million of net proceeds that will leave you in the ballpark of $35 million to $45 million of funding remaining. That does incorporate all of the costs anticipated for this post mining campaign. In fact, the timing of our announcement for the capital raise did coincide with us deciding for certain based on feedback from the legal and technical commission that, look, if this is a campaign that needs to be done, let’s go out and make sure that we raise funding to keep the project on track, and most of that funding was raised with a view to spend it on the post-collection test campaign.
So that is within our estimates. That’s within the guidance we provided, and we’re happy to be kicking out of the reason. Are there any more questions on the line?
Operator: No questions on the phone lines at this time.
Craig Shesky : Very good. Well, everybody, thank you for your attention. Sorry to those who may not have been able to answer — or excuse me, ask a question, but feel free to reach out. You can reach out to us directly through our website for investors@metals.co, and we’d be happy to follow-up. Thanks again for your attention, and we look forward to chatting with you soon on our next quarterly update call in March and a lot of progress to be reported between now and then. Thank you all very much.
Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.
