This is a good update, boxes are being ticked.The update also...

This is a good update, boxes are being ticked.

The update also highlights that BSX will have a good Ni & Co "Passport"-due its its hydro power, & very low CO2 emissions, for both mining, & refining the precursor materials. EV makers are giving greater emphasis to the green "Passport"- to help with their PR campaigns that their EV's are genuinely green, & low CO2.

"A key R&D objective is to develop and validate a flowsheet that can produce precursor for
the electric vehicle market with industry leading ESG credentials. Independent assessments
from Digbee, Minviro and Circulor have provided this assurance including an assessment –
audited by the Nickel Institute – that confirmed the Project will be the LOWEST (my emphasis) emitting
flowsheet in its industry at 9.8kg of CO2 per kilogram of precursor (with opportunities to
reduce further)".

"Other ESG priorities are progressing to deliver on Blackstone’s Green
NickelTM ambitions". Can anyone please give insights on what these "Other ESG Priorities" might entail?


"An application for a $3.7 million research and development (“R&D”) rebate has been
completed for submission to the Australian Tax Office in recognition of flowsheet
technology developed in FY2021/2022. Blackstone will update the market upon receipt of
the R&D rebate. A forecast cash position of $18 million is estimated for 31 December 2022
(excluding cash from controlled entities, listed investments valued at $16.5M & the R&D
rebate) with an estimated cash burn rate of $2M per month in 2023".

Can anyone advise that, if the ATO approves the $3.7m rebate, it might actually go into BSX's accounts prior to 30.6.23? Or must it be after EOFY, from 1.7.23?

Also, as Ni is one of the scarce Critical Minerals necessary for decarbonisation/EV batteries etc., would an ASX-listed company, whose operations are mainly in another country, be eligible for any of the increasing Critical Minerals grants from the Aust. govt.; & would it make a difference for the Aust. govt .Ni grants if BSX refinery used some Ni feedstock from Australia (eg the WA Wingellina Ni prospect) for its refining?

The US govt. is now funding Ni development in other (but not China) countries, which it has FTA's.

QPM is obtaining all its Ni from New Caledonia, but receives Aust.govt. funding.

Post #: 65371267

Where has BSX stated they will need to raise funds, from outside BSX, by July 2023?

They also have $16.5m (current value) in their listed share funds- could easily be drawn down?

S. Williamson regularly tweets about the general progress that Vinfast is having, with their EV developments etc.- he doesn't tweet specifically about other EV makers. IMO, it can be assumed from this there is a good relationship with Vinfast (which, hopefully, will eventually result in funding from Vinfast?).

It is also in the economic, & Ni security supply, interests of Vinfast ( & the Vietnamese govt.!) that Vietnam has a successful & large Ni & Co minerals', & precursor materials', industry.

Vietnam has a severe territorial dispute with China, over China's illegal (as clearly found by the World Court) off-shore aggression/ sea claims/militarised artificial "reefs/islands"; & is now seeking much closer economic (& some USA military equipment) ties with the West.
It would not be in Vietnam's interests, to act dishonestly, or capriciously, with Western investors.