Certainly more assertive language re Toliara:
As was anticipated, following the passing of the legislative assembly elections on 29 May 2024, further progress on agreeing the fiscal
terms that would apply to the Toliara Project and lifting of the on-ground suspension was made. As was confirmed during recent
discussions, Base Resources considers that in-principle agreement has been reached on the key fiscal terms that will apply to the whole
Toliara Project (i.e. both mineral sands and monazite), although these remain subject to entry of binding documentation and therefore
the terms remain subject to change and timing is uncertain. ...
Engagement with the Government is now focused on agreeing the terms of a binding memorandum of understanding (MoU) that
records the terms agreed in-principle, a draft of which is well advanced.
I think this sort of commentary and status might have altered the proposed transaction if it were publicly stated a couple of months ago. But alas...
Have a great day
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- Ann: Quarterly Activities Report - June 2024
Ann: Quarterly Activities Report - June 2024, page-2
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