Ann: ACC and Talga sign non-binding Offtake for 60kt Anode Supply, page-82

I have some questions, if anyone wants to help me out.

• Is it normal for offtake agreements to be non-binding when a mines future isn't guaranteed (such as waiting for permits)?
• Or is there no strong correlation, and Talga could potentially have binding offtake agreements before permits are granted?

• How common is it for non-binding offtake agreements to become binding? Very common? Only sometimes?
• Is it worth getting excited over this, or should investors wait for the real thing. Treat it like a big deal or just another MOU... (thinking back to the MOU's that haven't worked out).

Thanks. Not easy to get straight answers googling these things. Can't beat a distilled response from somebody with experience. I thought this was huge news but 1-2 days later the market seems completely uninterested. I need some sage advice to help me calibrate my expectations.