Ann: Company Presentation, page-8

From slide 23 in the November 28 2017 Investor update presentation

Offtake • Progress negotiations to final binding offtake agreements Q4 CY17-Q1 CY18

Also,
From slide 1

"Offtake― Advanced negotiations ongoing with strong list of prospective parties"

And from slide 2
"Offtake
• Advanced negotiations ongoing with strong list of
prospective parties, working towards final binding
agreements
Funding
• Discussions on debt well progressed pending final
equipment lists (FEED reliant), confirmation of key operating
contracts (close), and offtake confirmation (well advanced)
• Planned dual listing on LSE with significant institutional
investor interest, scale, liquidity, and profile enhancements
expected
• Well funded with capacity to raise a further A$3.4M from
9.7M A$0.35 / 30-Mar-18 options held by investors in
Danakali’s Mar-16 placement"

I believe that the exercise of the 30-Mar-18 options will occur first.
then Off-takes & Finance followed by dual listing on LSE