Looks like MINRES are in breach and will face a damages claim of...

Looks like MINRES are in breach and will face a damages claim of $15M + loss of royalties of $5Mpa to 2041 so may well be a $100M claim by POS plus legal costs & interest.
litigation funders will love to run this to trial at 20% cut as 99% that MINRES will be paying out POS one way or another imho.

Breach of conditions precedent and anticipatory breach of contract in issue.
No valid reason for breach by MINRES & no DD undertaken to justify withdrawal and new terms are "materially different" so that means they counter-offered subsequent to existing agreed terms which is another anticipatory breach, you cannot re-negotiate an agreed signed contract as $1M already paid.

Could go for years in WA Supreme Court with MINRES looking at settling for a $30M payout inc costs.
Meanwhile POS can tout its own Li HUB and processing plant or start production at LJ to mitigate losses after equity or debt funding.
A few Mill CR every year like before is the same old business as usual, nothing new.


AGO scenario step 3 in process now imho.
I picked last 2 years that MINRES is the bidder, that they would bid for POS assets then get stumped (in this case blocked by themselves LOL) & outbid by another billionaire(s) just like in AGO.

LJ now blaring in neon lights Oz wide due to this.

MINRES OWES POS BIGTIME, I told you so !