Ann: Trading Halt, page-157

It would also be potential capex of $10bn+
put in perspective .

How much does China spend on oil imports?
Going EV is mandated in China and other countries not just for environmental reasons but the savings in oil imports and less dependency.
10 billion is not a large amount when pay back could be less than 10 years but have secured a long term supply of lithium.
Manono has the grades and volume to draw international interest.
NF obviously is aware of the massive potential and wants the right partnership or Sale price.
BUT must take steps to insure company has adequate operating margins.

Unless you believe that EV growth will not happen?
http://www.worldstopexports.com/crude-oil-imports-by-country/

Crude Oil Imports by Country

• Top 15
• China
• USA
• Japan
• India

Below are the 15 countries that imported the highest dollar value worth of crude oil during 2017:

1. China: US$162.2 billion (18.6% of total crude oil imports)
2. United States: $139.1 billion (15.9%)
3. Japan: $63.7 billion (7.3%)
4. India: $60.2 billion (6.9%)
5. South Korea: $59.6 billion (6.8%)
6. Netherlands: $37.4 billion (4.3%)
7. Germany: $36.2 billion (4.1%)
8. Italy: $26.1 billion (3%)
9. Spain: $25.7 billion (2.9%)
10. France: $23.8 billion (2.7%)
11. Singapore: $21.4 billion (2.5%)
12. United Kingdom: $20.9 billion (2.4%)
13. Thailand: $20.1 billion (2.3%)
14. Taiwan: $16.9 billion (1.9%)
15. Belgium: $15.3 billion (1.7%)

The listed 15 countries purchased 83.4% of all crude oil imports in 2017 (by value
ALL IMO