Have you had a chance to contact Paul about my comment as yet? the ASX certainly wanted to ask him about his comment. In response to a requisition from the ASX, Surefire Resources NL (Surefire or the Company) advises the followingadditional disclosures in relation to the execution of an HOA with HMS Bergbau AG, (HMS), a leading German firmspecialising in the global marketing and logistics of raw materials, critical minerals, and dry bulk materials.1. No economic impact can be expected from an HOA. The Company considers the agreement material forshareholders knowledge. The Company’s judgement on materiality considers whether such anannouncement may impact the share price either up or down;2. The material terms and obligations of the parties in the agreement are as follows:a. The HOA is non-binding;b. The term is from 5 March 2025 until 31 August 2027;c. The Parties will use best endeavours to reach binding agreements with each other as to any futuremutually agreeable commercial terms for those services required by Surefire for the Project;d. The Parties will negotiate the minimum and maximum quantities of product to be supplied underbinding offtake agreements;e. Pricing will be determined using a mutually agreed formula linked to international benchmarks;f. Products will be supplied to agreed quality standards; andg. Other standard terms normally included in an agreement of this nature.
The HOA ends in 2027, you'd be luck to get all the approvals done by that time, let alone get a mine up and running.
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