I thought the original loan was just for the PSG plant and was conditional on having offtake agreements etc. This one is for the upstream mine and concentrator and is not conditional to having offtakes. The vibe here is that the conditions for this one were just basic business stuff that they would have no issues finalising.
So much better for us to get the loan for the upstream component, get that up and running than hopefully another loan or grant for the PSG plant.
Ann: A$185M Government Loan Approved for Upstream Graphite Mine, page-105
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