This babies a winner, what more could you ask for??
Maybe a SP increase!!! IMO
Lithium
■ Altura is now fully funded into production following completion of its US$110 million debt facility – subsequent to the June 2017 quarter end
■ Project commissioning on track for Q1 2018
■ Construction activities at Altura’s Pilgangoora mine site continued during the quarter
■ Major contracts awarded for process plant construction, logistics and power generation
■ Binding offtake agreements (BOA) confirm strong demand for Altura’s spodumene
- The two BOA’s cover an aggregate minimum total of 200,000 tonnes of 6% grade spodumene concentrate per annum which represents over 90% of current planned annual production
- BOA’s have a minimum price of US$550 dmt (FOB) and a maximum price of US$950 dmt (FOB) for the first 3 years
■ Company to undertake a scoping study into a Stage 2 expansion of the Project during Q3 2017
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