binding agreement

Key Points:

1)
Binding Licence Agreement to be signed in the presence of a Vietnamese trade delegation led by H.E. Vo Hong Phuc, Vietnams Minister for Planning and Investment

2)
Largest trade deal between Vietnam and Victoria with exports forecast to exceed $1.5Bn a year by early 2020?s

3)
Stage 1 construction of 2 million metric tonne per annum Coldry plant targeted to conclude late 2013 for production early 2014, rolling out to 20 million metric tonnes per annum by 2020

4)
Revenue to ECT of $10M a year increasing to $100M a year plus potential dividend from 10% JV stake

The above excerpt was taken directly from the
Company announcement:

"Latrobe Valley Coldry Project reaches binding agreement"

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