Ann: Significant Lithium Intercepted at Bald Hill Mine, page-27

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Heeman

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17/11/16

12:49

Post #: 20688356
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Originally posted by Haplo ↑

If anything to take from the announcement is further confirmation as a whole of short term supply issues with Lithium concentrate supply.

Off-Take Negotiations
Lithco/AMAL (“The JV”) have been approached by several significant entities within the lithium supply chain
with strong demand to obtain near term spodumene concentrate and has received written proposals from two
of the entities. Due to the apparent significant shortage of uncommitted spodumene in 2017-2018 to feed new
convertors, the JV will delay advanced negotiations until a definitive timeline to production can be determined.
However, The JV will continue to provide samples of concentrate product to converters to undertake test work on lithium extraction.

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So they told offtakers to go away and come back when we can definitively say when production can commence. I would say we may need a kick up the you know what and get this study completed faster.

TAW Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
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Ann: Significant Lithium Intercepted at Bald Hill Mine, page-27

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