strategic partner negotiations

An announcement DMM made early in May about strategic partner negotiations seemed to avoid much attention.

"DMC has conducted numerous negotiations with interested parties in relation to the potential Joint Venture, strategic funding and/or off-take partnerships of the Mayoko
Iron Ore Project.

Over fifteen Confidentiality Agreements have been signed, many with the world’s leading steel industry groups. Due diligence has commenced by a number of the interested parties, and site visits to the Mayoko Iron Ore Project completed by some of the groups.

The process of introducing and negotiating with strategic partners is progressing well, however, DMC is unable to indicate a definitive timeframe for conclusion of an agreement."

What does a confidentiality agreement include?

Would you assume that any interested parties would be waiting for further drilling results or could they enter into agreements earlier?

This looks like a very positive step for the company and indicates other people are interested in the project.

Rhys