Ann: Presentation - Strategic Partnership and Long Term Funding, page-331

The more I look at the funding package, the more I like it!

I must admit that I was becoming very concerned about funding as we neared the end of June and
when I saw the trading halt immediately thought that the Banks had pulled the rug again.

Well, that can never happen now.

ANZ- Out
CBA- Out
HSBC- Out
NAB -Out
Soc Gen-Out
WBCA- Out
Govt Agencies and political influence- Export Credit and CEFC - Out
People whose goals are not aligned with LTR- Out
4% margin -Out
Debt service coverage ratio -Out
Loan life coverage ratio -Out
Reserve tail ratio- Out


And what did we replace it with:
LG Energy Solutions- In
Ford- In
0% margins on LGES and 1.5% margin on Ford -In.
People whose goals are aligned with LTR- In
The option to replace debt with equity- In.
LG Energy Solution –Liontown Downstream Joint Venture- In
Long term offtake agreement- In
Friends -IN, IN, IN.

Well done Tony and team.
Keep the faith
cheers