Noice...
The key terms of the definitive agreements include the following:
• OMS to take 100% of the manganese ore from the Project from Stage 1.
• An ore pricing mechanism which is calculated as a discount against the Fast Markets published 44% Mn benchmark price (adjusted for FOB delivery terms).
• The parties have agreed the specification and pricing formula(e) for delivered ore between a manganese grade of 28%-35%.
• The parties have agreed on minimum and maximum levels/ratios of certain impurities including iron, silica, phosphorous and moisture. Certain pricing adjustments are provided for in the agreement including both discounts and premia, the details of which are commercial in confidence.
• The term of the Offtake Agreement will be 5 years, with provision for an extension subject to satisfactory performance by OMS measured against agreed KPI’s.
• Trade terms will include a provision in the first twenty-four months for payment to be made on delivery of parcel sizes as small as 1,000 tonne to Port Hedland, significantly reducing E25’s working capital requirements.
• The ore will be delivered on an FOB basis.
• The Offtake Agreement includes conditions precedent in relation to board approvals, and the receipt of all necessary regulatory approvals for Stage 1 production.
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- Ann: Binding Take or Pay Offtake Terms Finalised with OM Holdings
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Open | High | Low | Value | Volume |
25.0¢ | 25.5¢ | 25.0¢ | $19.88K | 78.88K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 52024 | 25.5¢ |
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Price($) | Vol. | No. |
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26.0¢ | 110000 | 2 |
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2 | 36105 | 0.250 |
2 | 124987 | 0.245 |
1 | 40000 | 0.240 |
2 | 15000 | 0.235 |
1 | 10000 | 0.225 |
Price($) | Vol. | No. |
---|---|---|
0.255 | 32298 | 4 |
0.260 | 110000 | 2 |
0.265 | 100000 | 1 |
0.275 | 1840 | 1 |
0.295 | 37500 | 1 |
Last trade - 15.10pm 06/05/2024 (20 minute delay) ? |
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