Ann: Transformational Equity Raise to Fully Fund Finniss, page-81

Yes, but not saying Ganfeng isn't a great offtaker for CXO or the news isn't good. They are tier 1 after all and able to receive strong pricing from their own customers.

Was just a reminder of history and how GF treat those that are less of a priority. They are setting themselves up for a great variety of supply. Obviously there will be a pecking order, and that is being reflected in the wording of offtakes, such as the Goulamina one you mentioned.

While Ganfeng may be short of supply for some time in the future, remember which of their offtakes will be considered surplus to requirements first.

To me, the Yahua offtake is the more promising of the 2 as they are looking for surety beyond ORE's Mt Cattlin.