Ann: Binding Boric Acid Offtake Agreement, page-19

Look far ahead, Look into the future of your account, it's easy to forget the cap raising when this announcement shows a set amount of future costings should be covered now.

Operating costs ~ $1,800/tonne lithium carbonate
(with boric acid credit).
Boric acid revenue at $700/tonne pays for most of
site operating costs.

Lithium carbonate annual production = 20kt & Boric acid annual production = 173kt
For every 1.0 tonne of lithium carbonate produced, 8.5 tonnes of boric acid is produced

Over 50% of our produced Boron will be taken off our hands = approx 0.6 tonne of Lithium
are forseen to be financially recoverable. This is how offtake agreements are progressed, This announcement is a true humdinger.