AVL news, page-41

Here’s this section from Sam, Jayden.
What was the question here please?
cheers

The (unofficial) voice of Sam of AVL;

Not necessarily. ​

It really depends if we can secure a battery offtake or whether we have a steel offtake or a mixture.​

The lenders we have spoken to have asked us to discuss any offtake deal with them before signing, so it's a real lining up all the ducks' to secure both. ​

As an example, some agencies (eg CEFC- Clean Energy Finance Corporation) will only provide funding if the offtake is linked to batteries, some export finance agencies will only provide funding if there's a strong element of content in their country. ​

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We need to get the results of the first phase of the study to get the best project development pathway from a financial, time and approvals perspective which will be within the June quarter. ​

I did see this morning some talk from Fastmarkets around the price rising in China and a price rise is always good for us. ​

I heard earlier in the year that post-Chinese new year things would start to pick up - we'll see!​