Confirmation that there will be no offtake this September, and that funding from the government will therefore lapse.
In consultation with potential offtake partners and financiers, Australian Mines considers it prudent to extend its offtake negotiation period to create the flexibility to respond to potential changes to the future profile of demand for EV battery materials that emerge at Tesla’s event, including allowing the Company’s technical team to optimise the mine and production plans for Sconi.
Ann: Business Update, page-5
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