We knew this was coming but the announcement is purely worded Gareth. Reason for termination is cost reduction, you need to let the market know Core is discipline about cost reduction and aiming to be a low cost producer hence contractors that do not meet certain financial / operational metrics will be terminated. This is a notice to other contractors out there. Spodumene prices for the next 12 month is forecasted to be ~US$800-1200 hence all in cost need to be under A$750 to be competitive with the majors.
Ann: Termination of Mining Services Contract, page-9
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