Although not a done deal, a stitch-up has been pulled together...

Although not a done deal, a stitch-up has been pulled together on AZS!.
Shareholders, not all of which seem happy with the outcome.
However, for us the main protagonists being SQM and Hancock are of interest.

SQM are in a joint venture with Westfarmers on their Kwinana Refinery: A state-of-the-art facility converting spodumene concentrate into battery-grade lithium hydroxide.
Whilst it only makes sense to send spodumene to “local” off take agreements, say within Asia.
Should the need arise for Europe or the US to offer incentives for the finished product to be shipped there, would then make it viable in the future.

As for Hancock’s they have a very good working relationship with Mineral Resources; who have a holding in WC8, they are making progress on the northern part of the Tabba Tabba shear. (They could be another JV target from the same set up!)

What’s then to say we get an offer from SQM we cannot rightly refuse?

PC