Highlights
Mt Cattlin Operations: - Produced 23,467 tonnes of lithium concentrate, in line with forecast during ramp-up phase; - Production cash costs (excluding royalties and marketing fees) of US$389 per tonne; - Sales of 23,455 tonnes at an average realised price before royalties and marketing fees of US$542 (A$719) per tonne; Secured new debt facility with BNP Paribas of up to US$40 million, subsequently executed definitive documentation for the reduced amount of US$25 million;
Raised A$61 million from equity financing;
Exercise of Options raised A$8.6 million;
Appointed new Directors to the Board;
Appointed new Chief Operating Officer;
Confirmed development team for the Sal de Vida Project;
Commenced exploration and development program for the James Bay Project
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Ann: Quarterly Reports - March 2017, page-3
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