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26.0¢ technology metals australia limited

Ann: Scheme Booklet registered with ASIC, page-64

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LewisB

614 Posts.

248

05/12/23

23:53

Post #: 71290902
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Originally posted by sabine: ↑

Maybe Yarrabubba can be put on the back burner in a merged entity Rhys - seeing as it’s actually contained inside AVL tenements (that could logically be mined first?)

And could you please point out the bit in the booklet where it says no funding is available for years.

FWIW here’s another excerpt from the booklet comprising a) and b) of of AVL’s intentions (starting page 100 and the intentions go through to j) )

AVL's intentions in respect of the Merged Group

This Section sets out the current intentions of AVL in relation to the Merged Group if the Scheme is implemented.

These intentions are based on facts and information known to AVL at the time of preparing this Scheme Booklet that concern AVL and TMT as well as the general economic and business environment and are statements of current intention only and, accordingly, may vary as new information becomes available or circumstances change.
Final decisions on these matters will only be made by AVL in light of all material facts and circumstances at the relevant time.

(a) Continuation of business
A technical working group has been formed between AVL's and TMT's technical teams to facilitate and develop the integrated optimisation strategy for their respective projects (Technical Working Group).
The members of the Technical Working Group have been selected from AVL and TMT personnel to leverage the best of both organisations and to ensure efficient information sharing and concept development.
The aim of the Technical Working Group is to develop a ‘go forward' strategy and development concept to bring together the best attributes of each project, which will leverage the combined expertise of both companies.

If the Scheme is implemented, AVL will undertake a detailed review of the Merged Group's operations covering strategic, financial and operating matters to determine and implement improvements to deliver the optimal outcomes for the Merged Group.
As part of that review, AVL intends to have regard to the strategy and development concept developed by the Technical Working Group.
Subject to that review, AVL's only intended changes to the business of TMT are as set out below.

(b) Corporate strategy
If the Scheme is implemented, the Merged Group will undertake a detailed review of AVL's Australian Vanadium Project and TMT's Murchison Technology Metals Project, considering strategic, operational and financial issues to determine the optimal path forward for the combined project. The key aims will be to continue creating shareholder value through:
completing an implementation study for the combined project, assessing project synergies and optimisation strategies, including conducting a rigorous evaluation of internal and external opportunities to maximise value for shareholders;
finalising funding and offtake for the combined project;
completing regulatory, environmental and permitting requirements for the combined project;
remaining dedicated to responsible corporate governance and management which protects the interests of all stakeholders;
continuing AVL's and TMT's strong commitments to community, traditional owners, safety and ESG obligations; and
ongoing execution of a ‘pit to battery' strategy to support the development of the VFB industry, including production of vanadium electrolyte for use in the growing VFB market and, through VSUN Energy, continuing to explore opportunities in the VFB market.
Final decisions about the future commercial operating plan and management organisation for the Merged Group, including decisions about any changes to the way the TMT and AVL businesses are conducted (such as the way the combined project is developed, any redeployment of the fixed assets and any changes to the employment of the present employees of TMT) will be made by AVL following the completion of the detailed post-acquisition review described in Section 5.5(a) above.

The Merged Group will also have the capacity to consider other potential acquisition and funding opportunities that it believes are complementary to, and benefit, its assets and operations.

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have you not read ANY TMT or AVL publications that soefically mention the titanium credits and surface level ore at yarrabubba in the first 8 years (while will paying commercial loans) being a MASSIVE leg up for project economics

you keep pretending to be a TMT investor but you’re clearly not.
TMT Price at posting: 21.0¢ Sentiment: None Disclosure: Held
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