Yet another vote of confidence in LKE and Lilac with a further 25kTpa offtake on the table....and another 10% investment as well - this time with SK On.
Now we have 4 suitors (100kTpa in total) vying for the current 50kTpa available. Do you think the pressure will be on to sign up and go binding? I think so. Who will it be that locks up the prize? Will this spur on LKE to possibly do some more drilling and upgrade the resource yet again? Target 100 in 2030 doesn't seem farfetched now does it?
Shorters will be feeling the heat!
Ann: Strategic Investment and Offtake Agreement with SK On, page-15
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