ASX-listed Australian Mines was hoping to finalise and execute a binding offtake agreement with SK Innovation during the current quarter.
The company on Thursday moved to allay shareholder concerns regarding media speculation around the binding offtake agreement, which was initially launched in February last year, for the sale and purchase of all the cobalt sulphate and nickel sulphate to be produced from the Sconi cobalt/nickel/scandium project, in Queensland.