General Discussion, page-3630

Offtake:
• Ganfeng have 100% of Stage 1 offtake for life of mine1
• Pricing based on lithium chemicals, spot & quarterly prices
• Ganfeng have 50% of Stage 2 offtake for life of mine
Leo options for Stage 2 product:
• Engaging with 3rd parties, all options remain open
• 2023 to conduct a study into downstream conversion
• Study to examine location, technology, partners, etc
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One thing is not clear to me is what will be the revenue for stage 1:
Ganfeng with 100% offtake of stage 1 means they will get 506k/t, if I get this right.
Now how does it fit their 50% share of the project. Will they get 50% at all in sustainable cost and the other 50% at spot prices.
Or will they get a discount price on the whole 506k/t
Anyone know a bit more on this...