I note that the next path on the announcement seems to be them intending to secure a non binding offtake to begin with. While non-binding, if they can manage to secure that it should still be quite material as it's a big vote of confidence.
Additionally due to the project's location in Northern Australia and it's proposed downstream processing facilities combined with the largest deposit in AUS, if this has half a chance of getting up I can imagine both sides of the federal government being all over this for obvious reasons.
Quite bullish and hopefully the newsflow continues. I can imagine we'll get even more de-risking news like today regarding metallurgy in the future.
I note that the next path on the announcement seems to be them...
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