Company Q&A on Hot Copper, page-109

Very detailed and comprehensive, took a while to read through.

"Shareholders will appreciate that this type of collaborative venture between an Australian company and two Indian PSU’s is unprecedented, necessitating a bespoke framework.
The ask: a foreign company (ECT) was asking two Indian government-owned companies (NLCIL and NMDC) to make their largest R & D investment in a single R&D project (~AUD35) for the ‘opportunity’ of investing another ~AUD300m. "

Sort of spells it out how huge this deal is and the intent of our partners taking this to a commercial level and potentially Global.

Cheers

M.oz