AUZ 0.00% 1.3¢ australian mines limited

R we going to Exit from SK deal, page-19

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    In quarterly they mentioned that they are close to getting finance and SKI/partner will be playing a part in it:

    "With the economics and updated mine plan now finalised, we are working with our financial advisers and potential off-take partner to develop and execute a financing structure so that we can progress project construction as soon as possible"


    We now know that within 10 days of quarterly LFA is signed but the quarterly mentioned :

    "Australian Mines is presently negotiating a long form off-take agreement with SK Innovation for 100% of the cobalt sulphate and nickel sulphate produced from the Sconi Project following a binding term sheet agreement being signed between both parties in 201821. These negotiations, whilst progressing, are currently incomplete and are being conducted under strict non-disclosure and confidentially clauses"

    Do note that they didn't use as soon as possible when talking about LFA but it is used when talking about Finance. Another sentence from quarterly which shows that they are not worried about finance is:

    "While a Final Investment Decision is getting nearer, in reality, this is just the beginning as we embark on transforming Australian Mines into a significant Australian mining house "


 
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