Ann: Binding offtake agreement signed with LG Energy Solution, page-1666

They had a unconditional offtake except for funding back in 2018 who was that with? it certainly wasn't with SKI they only had a non binding term sheet with SKI subject to due diligence.

If you are actually referring to the SKI terms sheet subject to due diligence that clearly is substantially different to what AUZ has with LG Energy which is a binding offtake no due diligence and only 1 condition i.e. funding.

How is a binding offtake agreement n ito commitment? if AUZ gets funding there is certainly a commitment by LG to buy Sconi output - hardly meaningless - at worst it is a conditional commitment with 1 condition.

Financing was never going to happen without a binding offtake which they now have - will it be sufficient for them to get funding - only time will tell.

The BFS had an estimated Capex of USD 974 million somewhat less than $ 2 billion you quote and I think that there is now an adjusted lower requirement then BFS but I stand to be corrected on that.