Leaf Resources Limited (Leaf or Company) announced receipt of a signed non-binding Letter of Intent (LOI) from Formosa Plastics Group (Formosa). Under the LOI, Formosa intends to purchase around 300,000 tonnes per annum (with an option to expand) of premium wood pellets for an initial period of 3 years (with option for rollovers and/or extensions) from Leaf's proposed wood pellet production facility to be constructed in Rotorua, New Zealand.
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