KDR - massive news re: drilling results. Very high-grades out of Earl Grey, and strike still open along length. Potential for additional spod to come from adjacent sites. Samples being sent to SQM > Smart. Cost saving + leveraging SQM's expertise, scale and infrastructure. Well done. I think.. Hmm.. I think I'll call it: This could be the cheapest you'll see KDR for.. possibly ever.
GXY - secures 5 years of offtake agreements with various overseas players. Details of actual prices held close to the chest: Predictable given that they would have signed certain parties on at differing cost/ton and volume. Next quarterly will give some indication of those numbers but for now, management is saying it's a "...10% premium on last years numbers". The market responds with a muted +3% (at time of writing). C'mon! 5 years of close-to-100%-guaranteed income? And prices reviewed every 12 months if they need to peg it to any uptick in global demand? Takes a lot to impress people....!
Both of these announcements bode well for the lithium sector, and reinforce the general trend of Lithium being the dominant resource of choice in the short-to-medium term (at least).
