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Ann: Suspension from Official Quotation, page-111

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Fab86

2,498 Posts.

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26/02/18

15:17

Post #: 31350916
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Originally posted by aaron ↑

Hi

Was reading the article from South Korea again. Picked up 4 very important statements that should give some ease to all holders only. there is other information in that article that is also very helpful and enough to give some assurance as to the deal at hand.

Please note bold text....

1.“The deal will help us get a secure hold on high-grade metals to power the growing demand for EV batteries,” said an official from SK Innovation.

2. Sconi is located about 250 kilometers from Townsville and its maiden resources sit at 89 million tons grading 0.11 percent cobalt and 0.8 percent nickel with a forecasted 20-year mine life.

3.The agreement would provide SK Innovation 90 percent of cobalt needed to run its battery operations in Korea and Hungary.

4.“The signing of the agreement with SK Innovation is a landmark occasion for Australian Mines and its shareholders,” said Managing Director Benjamin Bell in a press statement.

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2. Sconi is located about 250 kilometers from Townsville and its maiden resources sit at 89 million tons grading 0.11 percent cobalt and 0.8 percent nickel with a forecasted 20-year mine life.

AUZ Price at posting: 10.5¢ Sentiment: None Disclosure: Not Held
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