General Discussion Topics, page-101916

Here is what the Saudis are willing to pay for lithium concentrate:

“Subject to the successful commissioning of the plant, EUR will sell the lithium spodumene concentrate to the JV company at a reduced rate with a floor price of $3,000/tonne and a ceiling price of $7,000/tonne over the life of the current resource of the Wolfsberg mine.”

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These amounts are in USD, it equates to a floor of $AUD5000/tonne and a ceiling of $10,500/tonne.

Given that SYAQ will have 60,000 tonne (it might be more) of uncontracted concentrate to put to market we should expect to fetch somewhere between $AUD420 million and $AUD630 million this year. This is on top of what we will get from the PLL off take.

There is always the possibility that SYAQ may not wish to commit to an OTA and take their chances on the spot market.