Ok time for me to post a good news story - perhaps this might be the light at the end of the Lærdal tunnel that this company needs
AXN which has a somewhat similar deposit to AUZ, except slightly higher grade, only 600kt of contained Ni, similar sulphuric acid requirements, etc - has recently signed a binding offtake and received $12.7M (equity based) from their customer (Stellantis).
https://www.marketindex.com.au/asx/axn?src=search-all
And note, they have engaged EXP (ann dated 25/01/2023) to design and cost an acid plant to recover / re-use sulphuric acid, reduce energy and emissions - finally a company thinking about using the latest tech ($$$ driven of course).
A positive step for a nickel laterite company in AU, perhaps AUZ should just copy what they do - the AUZ clowns should be able to do that
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Open | High | Low | Value | Volume |
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21 | 45015789 | 0.006 |
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9 | 5979750 | 0.004 |
3 | 2400001 | 0.003 |
Price($) | Vol. | No. |
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0.009 | 4166204 | 12 |
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