This announcement ties in nicely with Austar007's article from The Energy Report earlier today..
'I'm sure there's an Asian utility somewhere that would jump at the opportunity to share ownership of one of these mines through an offtake agreement and have access to production over the next 25-30 years.......'
Good call.
It should provide a nice boost - eases short term financing/working capital concerns and also goes a long way to confirming the long term viability of the sector.
200m long tern agreement, page-2
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