5% of World's REE, page-39

I disagree with regard to announcing offtakers, particularly while they are negotiating long term pricing that will set us up for life-260% of the offtake is sorted-Ie demand far outstrips what we have to sell, and they have already communicated this point.

ARU have explained throughout many announcements/ presentations. Ie They cannot disclose the offtaker due to current negotiations, as the offtaker risks losing current supply, and we risk losing competition for our product. The existing supplier can cut (our offtakers) off in exchange for another long term contract.

Supply/Demand-key negotiations would be in place until FEED finalised, and we want to set up some long term contracts (with good pricing due to competition) to set us up for life.

Until then, this share price will potentially run until we get to $3-$5B market cap.

Then anything possible once announcements made…