So labor has won the Aust election.
They promised to buy and stockpile critical minerals.
I have previously said it could go two paths:
- Fast track for some projects they know well. ARU and ILU are two that I think they could fast track. They might do that to show Aust they mean business...and also gets these two RE projects underway.
- Normal Track - 4-8 months approx...lots of market sounding...policies etc etc.
I think its a 20% chance of the fast track...and 80% chance that go the normal track.
Given the the ARU CEO - DC said they don't have much off take left....will Aust Govt even get the chance to buy? I hope ARU management are playing hard ball. From what the ARU CFO PS said, they are holding firm on the reqirement to contribute equity if you get off take.
Question Reader: The The next question comes from Bernard Ho and reads, how is AIU going with securing remaining binding offtake agreements? Is GE still in the pipeline?
Daryl Kosubo, Managing Director and CEO, Arafura: Yeah. Did you would you like to talk to that one, Peter?
Peter Sherrington, CFO, Arafura: Yeah. No problems. So in terms of securing the remaining offtake, the issue is not so much around the the requirement for the offtake. And I think some of the events that we’ve seen over the last couple of months since The US tariff announcements have probably reinforced that view that there is a need for a a non China or or a supply diversification. So I I think that the challenge for us is that we are trying to link the the the remaining offtake to strategic equity.
And we’re going to hold pretty pretty hard on that because we believe that, you know, the the NDPR offtake is strategic, and we’re going to link the equity to that. And we’ll we’ll we’ll stick to that. That’s probably the challenge that presents to us around securing offtake. The second part of the question, so we’re confident we will get that, but we are probably making our our our our work around getting the offtake more challenging by linking that equity to it. But it’s critical to the funding strategy which we’ve set out.
In terms of GE, we we have, you know, an ongoing relationship with GE. We we have seen that, you know, for example, GE has probably been not gaining market share in the offshore wind turbine business. That is making it difficult for them to make a commitment now to offtake, but we remain engaged with them on looking at ways that they may be able to commit to offtake as we start to close out the the final offtake group. So whilst whilst we don’t see them as one of the groups that we will be engaging with on on the equity opportunities, we still engage with them on on offtake.
They promised to buy and stockpile critical minerals.
I have previously said it could go two paths:
- Fast track for some projects they know well. ARU and ILU are two that I think they could fast track. They might do that to show Aust they mean business...and also gets these two RE projects underway.
- Normal Track - 4-8 months approx...lots of market sounding...policies etc etc.
I think its a 20% chance of the fast track...and 80% chance that go the normal track.
Given the the ARU CEO - DC said they don't have much off take left....will Aust Govt even get the chance to buy? I hope ARU management are playing hard ball. From what the ARU CFO PS said, they are holding firm on the reqirement to contribute equity if you get off take.
Question Reader: The The next question comes from Bernard Ho and reads, how is AIU going with securing remaining binding offtake agreements? Is GE still in the pipeline?
Daryl Kosubo, Managing Director and CEO, Arafura: Yeah. Did you would you like to talk to that one, Peter?
Peter Sherrington, CFO, Arafura: Yeah. No problems. So in terms of securing the remaining offtake, the issue is not so much around the the requirement for the offtake. And I think some of the events that we’ve seen over the last couple of months since The US tariff announcements have probably reinforced that view that there is a need for a a non China or or a supply diversification. So I I think that the challenge for us is that we are trying to link the the the remaining offtake to strategic equity.
And we’re going to hold pretty pretty hard on that because we believe that, you know, the the NDPR offtake is strategic, and we’re going to link the equity to that. And we’ll we’ll we’ll stick to that. That’s probably the challenge that presents to us around securing offtake. The second part of the question, so we’re confident we will get that, but we are probably making our our our our work around getting the offtake more challenging by linking that equity to it. But it’s critical to the funding strategy which we’ve set out.
In terms of GE, we we have, you know, an ongoing relationship with GE. We we have seen that, you know, for example, GE has probably been not gaining market share in the offshore wind turbine business. That is making it difficult for them to make a commitment now to offtake, but we remain engaged with them on looking at ways that they may be able to commit to offtake as we start to close out the the final offtake group. So whilst whilst we don’t see them as one of the groups that we will be engaging with on on the equity opportunities, we still engage with them on on offtake.
