The Talga HC Bar, page-162

Agreed. Graphite anode is not the same as LiCO3/LiOH. For anode, shape and consistency are critical to performance. Tier 1 battery manufacturers will need to see us produce a consistent product at scale before we can secure a binding off-take deal.

I would argue it is also better for us to wait, because we will have more leverage negotiating off-take after we've proven we can produce a consistent product. I think if drilling validates that we have a massive resource, the gov approves extraction without limit, and we prove we can produce a consistent product that we will be able to take our pick of customers (because they will all want the product).