Confirmed some items that people had been speculating on for months. Good announcement.
”Tenindewa is approximately 80km from Geraldton and approximately 18km from Mullewa, offering opportunities for regional employment and a local workforce, thereby reducing camp accommodation requirements” - this is key to NAIF funding. Geraldton is a marginalised community lacking employment opportunities
”Work on the OFS continues in parallel with the approval processes for both locations, in addition to offtake and financing discussions. The OFS will enable AVL to have an up-to-date technical and economic study available for potential funding partners, including Australian Government agencies.” - no need to panic. Everything in its due course. EPA approval still the big ticket item
AVL Price at posting:
1.5¢ Sentiment: Buy Disclosure: Held
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(20min delay)