Points of note from the qrtly:
"Strong expressions of interest have been received for the product following marketing in Asia and negotiations are greatly advanced for the sale of iron ore fines from the project."
"Cazaly has commenced discussions with several potential partners regarding financing of the project."
My guess is an MOU for offtake from the project, reason being that an agreement of this nature may be a prerequisite to securing project financing and/or port allocation/approvals.
cheers.
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