From the last quarterly (ann dated 27/04/23) == "Discussions are continuing with LGES regarding the required amendments to theOfftake Agreement following the strategic shift to develop Sconi as a nickel sulphate,cobalt sulphate, and scandium oxide project. We are also seeking collaborativepartners to fund the project to Final Investment Decision."
These read as being mutually exclusive - and that is just to get to FID NOT actually fund the project !!!
The government can announce whatever political marketing bullocks it wants - it does NOT change the resource in the ground. Sconi is a low grade Nickel Laterite deposit with high deleterious elements.
Why do you think QPM imports nickel ore at twice the grade from New Caledonia - cheaper, more contained nickel per tonnne, less acid required to produce concentrated MHP - mixed hydroxide precipitate (well at first, then moving on to sulphates) .................
AUZ Price at posting:
2.9¢ Sentiment: Sell Disclosure: Not Held
(20min delay)