The ASX will not suspend them as they are not obligated to make an announcement.
As I've mentioned in previous posts, the "Business Update" announcement was effectively communication of an extension as per the excerpt below - Note the keyword "extend". I do however believe they should be communicating how this effects their deadlines with the QLD Government.
"In consultation with potential offtake partners and financiers, Australian Mines considers it
prudent to extend its offtake negotiation period to create the flexibility to respond to potential
changes to the future profile of demand for EV battery materials that emerge at Tesla’s event,
including allowing the Company’s technical team to optimise the mine and production plans
for Sconi."
Ann: Queensland Government offers support package to Sconi, page-751
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