AUZ 4.55% 2.3¢ australian mines limited

Off-Take

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    You would like to think it would be near impossible to fail this agreement at the first two hurdles in such short period. The second hurdle would have to be near completed, on the fact of the last companies presentation. AIMO

    • executing an offtake agreement by 30 September 2020 for 100% of the nickel sulphate and cobalt sulphate to be produced from the Sconi Project on terms acceptable to the State;

    • delivering a detailed project execution plan, including dates for achievement of all milestones, and obtaining the State’s approval for such a plan by 30 September 2020;

    • obtaining sufficient approved financing for construction of the Sconi Project and making a final investment decision by 31 December 2020;

    • appointing an engineering, procurement and construction management contractor for the project by 31 December 2020;

    • achieving construction completion of the Sconi Project by 30 July 2023;

    • employing at least 191 people in Queensland (on a full-time and ongoing basis) by 30 June 2024 and maintaining that number for the duration of the Agreement; and

    engaging, as independent contractors, at least 57 full-time additional people working directly in connection with the Sconi Project from 30 June 2024.
 
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