The graphite project went from "in your wildest dreams" to...

The graphite project went from "in your wildest dreams" to "highly likely", given Novonix know-how and team expertise/experience and connections (I understand one of NVX board members is an USA admiral. The structure of AXON board will disclose the future of this project.

I don't believe a Takeover of the Lithium project is now an option, otherwise they would have spin off the Lithium project instead... (?)

This move crystallises the $10M current value of the graphite project, leaving Solaroz valued at AU$40M (a bargain atm).


Re Panasonic, I understand they have recently signed offtake deal with Ioneer (to start supply in 2025), other than that, as per below they are not into Lithium mining (but they do for graphite). They have just signed deal this week to supply Li Batteries to Mazda. They get LiCO3 refined by others.

With KOCH now "partnered" up with Lanshen, there could be a strong link there into Solaroz, as Lanshen is the obvious partner already disclosed but just for a DLE project. Other ones with a JV proposal would be:

- Lanshen/KOCH/Minmetals (chances 50%)
- Gotion (chances ~15%)
- Arcadium/ (chances ~15%)
- Ganfeng/Zijin (chances ~10%)
- Tecpetrol/Other (chances ~10%)