Ann: Northern Territory's Lithium Valley Presentation, page-117

If the anticipated binding agreement with Shandong RuiFu (which we are told is to come in the weeks ahead) happens, we will definitely be going mining IMO. Expected capital cost to get the project up and running is AUS$53.5mil. With RuiFu and Yahuas prepayment facilities that would give us around AUS$76.5mil. Plenty!

If the RuiFu deal doesn’t happen then I guess we gotta keep looking...

If the RuiFu deal doesn’t go through I would go knocking on Landbridge Groups and Ye Cheng’s door aka the Chinese company and billionaire who own the Darwin Port lease.

Ye Cheng also happens to be a director of Rizhao bank, a bank in Shandong. Landbridge is also based in Shandong. So is RuiFu

I’m sure Landbridge group would want to see more business coming through the Darwin port... a plus 10 year mine operation going through the Port would work out pretty well... maybe we could arrange some sort of finance with them? Pay them back through concentrate sales...maybe a premium on the port costs (currently estimated to be $7.50/t).

I just read that apparently one of the attractions of leasing the port was the opportunity for Landbridge to leverage their corporate connections in Shandong. I wonder if RuiFu is one of their connections?

I would probably go knocking on the NT governments door too. Surely they would be keen to see CXO mining, see the Renaissance battery factory built, see more business at the Darwin Port.

Anyway, just gotta wait and see I guess.

As well as expecting offtake news soon I would think another exploration announcement shouldn’t be too far away.

IMO

GLTAH

By the way @albertross I actually watched that time traveller video yesterday too