Ann: Binding Graphite Offtake Agreement Signed with Traxys, page-24

To put some high level numbers around this announcement:

50ktpa (1st year offtake) @ US$2,350 weighted average price for the various grades = US$117.5m = AU$156m (less cash costs of US$560/t = cash operating profit of US$89.5m / AU$119m)
110ktpa (2nd year onwards) @ $2,350 weighted average price for the various grades = US$235m = AU$312m (less cash costs of US$560/t = cash operating profit of US$179m / AU$238m)

Cost to establish the mine has previously been stated at US$269m - lets call it US$350m in 2023 dollars.

So, this is a very significant and bankable offtake - 6 years generating a net cash flow of US$984.5m (US$89.5m + (5 x US$179m)).