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Ann: MOU signed for Gaoual Bauxite Project, page-9

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SpiderMonkeyZ

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04/09/23

12:41

Post #: 69719709
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Originally posted by Alexandria07: ↑

With respect I think that you are way off the mark re the bauxite news.

The Gaoual Bauxite project consists of 102mt of bauxite. That's a lot of bauxite. Enough to service many company contracts.

Now there is a binding six year Supply Agreement with C & D Logistics. No evidence that it has been cancelled. Funding Negotiations are underway regarding development of the site/project.

Todays announcement relates to a MOU with CBG for a possible additional supply agreement. But before that can occur it appears that CBG requires a feasibility study to be completed.

So my conclusion is that Lindian may end up with two supply agreements for its vaste Gaoual bauxite resource. That's something to get excited about as cash will roll in once conditions are met and development is underway.

Expand

Yes was wondering though why C&D wasn't mentioned in today's announcement given its the same Gaoual Bauxite project. If they have two customers now for the Gaoual Bauxite project that's a big positive as you mention and something to highlight.

LIN Price at posting: 31.8¢ Sentiment: None Disclosure: Held
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Ann: MOU signed for Gaoual Bauxite Project, page-9

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Ann: MOU signed for Gaoual Bauxite Project, page-9

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