AGM, page-122

Thanks for the summary.

You say "AUZ decided not to extend the LFA as SKI did not come up with funding levels that met AUZs acceptance"

You must have heard that wrong or Bell is being inconsistent - because it does not line up with the recent announcement re termination. That announcement was clear that the termination resulted from SKI not sending a letter. You are implying that a letter was sent but the offer was not high enough. Hee is the relevant extract from the announcement:

"Australian Mines advises that SK Innovation has not issued an agreed pre-payment / finance letter to the Company and as a result the Offtake Agreement has automatically terminated on the basis that one or both of the conditions precedent to the Offtake Agreement as described above were not satisfied by that date'.

Inconsistencies like these raise red flags!