AUZ Chart, page-5548

Can you actually see @mbot ? ..... Perhaps you need to join the ' carrot juice ' club to improve what you see right in front of you . It's pretty simply really . You can start with refreshing yourself with these Highlights first :-

HIGHLIGHTS:

▪ Expanded Mineral Resource at Sconi - longer mine life of 30+ years

▪ Additional mine life increases Total Revenue by 44% to $13.3 billion

▪ Total free cashflow increases 93% to $5.0 billion

▪ NPV (pre-tax) increases by 12% to $1.47 billion

So after focusing on those for a moment - and if you ' squint ' you may even be able to see ' Double ' in seeing perhaps not just one Off-take for 7 years .....or even 6 years after that ......but another one for the remaining 17 years in the LOM.

So while A $1.4 Billion looks to be insurmountable for some people - others may see it as a simple as adding the 5 fingers on one of your hands. So lets assume for the moment that SKI ( or someone else still wishes to have a direct stake in AUZ ) - Lets then breakdown your $1.4 Billion required Capex as follows :-

1. Off-take Partner No. 1 = SKI = $80 Million

2. NAIF ( Total Agreed Amount ) = $400 Million

3. Streaming Agrmnt / Off-take 2 = $200 Million ( for 17 yrs remaining LOM )

4. Tier 1. Lenders - Loan Notes = $400 Million

Tier 2. Lenders Consortium / = $100 Million

Subordinated / Project Finance / OD etc

5. Equity Raising at .116 cents = $220 Million

( post consolidation agreed timetable with lenders - ie may not actually be .116 cents - may be higher )

This of course is only a scenario and as such the numbers may vary in the final outcomes . However , and obviously once the first 4 components are more or less secured and in place - the 5th component will not be required until further down the Project Development path , but essentially will be agreed upon up front and will be tied to the Debt Covenants put in place at the beginning. This will leave some scope for further appreciation in the SP from the Post Consolidation levels which should continue positive on account of Funding being obtained. After that , you can then expect a raising to expand the SOI to some degree which may or may not put us back to the 2.5 - 2.8 Billion shares on issue.

This process will at least allow the SP to grow into the Project's appropriate Market Capitalization .....or Re-capitalization if you will of the Project.... based on the Funding and Development Timelines. Not real easy to understand or come to grips with ,and is only my view and opinion as to one possible path forward in the development of the SCONI Nickel / Cobalt project.

At the end of the day , I think we all just have to wait patiently to see what starts to unfold the end of this month , but it wouldn't surprise me in the least to hear some additional commentary in regards a ' Second ' off-take partner. Else what have they been doing all this time on the Marketing side of things. Can't believe for a minute that they haven't been talking to other Interested Parties for the Balance of our Battery Metals.