Ann: Restructure of Lithium Offtake Agreements, page-16

Hi Kropka, pretty sure price is changing from January 2019 production

"Amended Lithium Offtake Agreements provide for a market-linked pricing mechanism, with lower and upper limits of US$680/tonne and US$1080/tonne respectively (FOB 6% Li2O), for the remaining term ending on 31 December 2022. "

"Remaining 18,000dmt from 2018 production will be purchased by JBJLIL at the 2018 fixed price of US$880 per dmt FOB at 6% Li2O. ETA for shipping is end of January 2019. "

So I read this as the next shipment is at the fixed price 0f $880 but then it will move to the new market pricing mechanism that some didn't seem to like with other producers, so will be interesting to see what their take is on this new pricing mechanism. Might be the bees knees now I reckon.

Anyway, perhaps it's all to try and keep Burwill and this JV JBJLIL competitive with what other producers are offering?

All just in my very humble opinion as always.