Ann: Company Update, page-181

I’d suggest that the following paragraph provides a hint as to where Naif are in all of this and suggests they are still around but more work to do to pass their DD and could provide an explanation why indeed the deal fell through.

”Australian Mines will seek to continue to engage with its potential project financiers to ensure that all due diligence conditions are satisfied to allow discussions to progress beyond the current stage into formal contracts”...ergo some weaknesses were exposed and need strengthening.

Just like this sentence could be a dig at SKI...”It is expected our selected partners will make a meaningful financial commitment to the project financing of Sconi, as part of any offtake agreement.”

“Our priorities for the development of Sconi in FY2020 include pre-construction work on shared-used infrastructure and further investment in the local communities in North Queensland” suggests Naif are there in the background.

Lastly the mention of export credit agencies one would almost certainly be Export Finance Australia formally EFIC who have a service level agreement with Naif meaning they work together in these instances.

https://naif.gov.au/service-level-agreement/