Ann: LOI with BASF extended to 31 December 2020, page-230

Hi @Archieus, there was a prepayment made to DLI which became non-refundable when the first shipment was made. There is still a balance outstanding on that if I remember correctly. The last time I asked about it, which was probably 6 months ago, the plan was to deliver on the remaining tonnes once the mine is operational. I think tha would be the cheaper option, rather than trying to pay them back.

There's some stockpiled material there that is earmarked for it, I'm pretty certain. It's just that DLI ran out of cash, and couldn't make a profit selling that anymore.

If you have a look at the merger docs, and the Edison rese report about the deal, you'll find more info there.

Cheers