Ann: Potential Diversification into the EV Battery Supply Chain, page-17

If you read the announcement it states the current NPI projects (Hengjaya & Ranger) will continue as per normal, to be sold into Tsingshan's stainless steel operations. And it appears the RKEF projects only require minor modifications to produce nickel matte.

This paragraph is interesting, "The Angel Nickel transaction has diversified the Company’s geographic operations, establishing a presence in what will be the two largest nickel production centres globally. This Tsingshan achievement enables the Company to diversify its product range, presenting the opportunity for the Company to participate in the battery nickel supply chain. "

Is this a hint that the Angel Ni project could be earmarked to go through the required modifications to produce a NI Matte in the near future???

Another interesting point I noticed is this line, "The publicly quoted NPI prices have not responded to the Tsingshan announcement to the same extent as the LME nickel price"

To me that sounds like the NPI price has held up better than the LME price due to the recent Tsingshan announcement.

Like Exo1 stated, I don't think the market has digested this information fully and taken into account how big of deal this is for us moving forward. This will not have an immediate impact to the compnay and its operations but the future potential growth prospects for this company are huge IMO.

Have a great weekend all