Ann: Altura Completes Two Binding Offtake Agreements, page-58

Binwood, what are your thoughts on the below ann section, ie shareholding in their lithium plant/ funding?

"The alliance formed between Altura and its partners also provides a strong concept of formulating a complete supply chain solution with conversion capacity for lithium carbonate and lithium hydroxide coupled with a significant lithium battery producer.

Altura will now take a key upstream position in the “Optimum Nano New Energy Alliance” (Lionergy Group are members) which is aimed at supplying a range of material and products to the EV, large EV and static storage system market.

Lionergy has significantly progressed the design and construction of a purpose-built lithium carbonate and hydroxide plant to accept the entire initial spodumene production from Pilgangoora. The new plant is expected to be operational by Q2 2018 to coincide with first shipments from Altura."



Letter of intent article
https://thewest.com.au/news/wa/altu...take-partner-for-project-funding-ng-ya-216110