Australian Mines made the strategic decision following a technical and financial review to develop the Sconi Project to produce battery grade nickel sulphate, cobalt sulphate and scandium oxide. The strategic direction was to maximise value of the project, return for shareholders and provide a clear line-of-sight to construction. Discussions were undertaken with offtake partners LG Energy Solution (LGES) regarding this direction and the desire to transition the agreement to a strategic collaborative partnership which would provide assistance to the company as it progresses the project to Final Investment Decision (FID). The Company will update the market in due course with respect to such amendments and collaboration if they are finalised.
I see these discussions with LG Energy to have been in the past.
1. Does that mean there no longer are discussions with LG Energy? 2. And if 'such amendments and collaboration' are not finalised AUZ will never tell us?
All in my opinion and not investment advice.
Do your own research.
AUZ Price at posting:
1.4¢ Sentiment: Hold Disclosure: Held
