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clock Created with Sketch. 24/02/18
11:57
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Originally posted by mushroom one
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1. The Company contacted ASX to initially request a trading halt at 8:58am AWST on Sunday 11 February 2018. The trading halt was released on the ASX platform at 6:18am AWST on Monday 12 February 2018. The reason for the trading halt was regarding an intended announcement concerning “a binding off-take agreement related to the Company’s 100%-owned Sconi Project in northern Queensland”.
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The trading halt is requested to clarify misinformation in the market regarding the binding off-take agreement between Australian Mines and SK Innovation in relation to the Sconi Cobalt-Nickel- Scandium Project, which both parties have acknowledged in writing is legally binding and cannot be terminated by either party for convenience. This trading halt will also permit Australian Mines to amend its Company’s investor presentation lodged on 21 February 2018.
(20min delay)