The 80% binding offtake (reduced from advised 85%) is the barometer for remaining financial closures.
Speaking of - no surprise Germany still at the table given their past history of drawing things out eternally.
Having said that - given German foreign affairs minister was in Australia a few weeks ago stating Germany's intent to deal direct with Australian miners for critical minerals supply certainty. So expect that to close out shortly using their loan guarantees.
Hyundai chiefs had face to face meetings with ARU in February to get up to speed with other financiers so perhaps another US75 million arriving soon plus another US75 million from the separate Loan guarantee provided by them - out of Singapore
financial arm.
The OZ Gov cash grant - how much?
Plus any other possible left field finance.
Plus advanced equity participation from instos current and new - ARF - other renewables funds etc.
Reckon the project management team are getting pretty busy and engaging with contractors to mobilize themselves for site activities in 4-5 months time.
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