Ann: FY22 Q4 Quarterly Activities Report, page-24

I think the point was that Ganfeng was the way MIN could benefit - ie tolling agreement of last February [ref] means it gained from hydroxide prices with no need to own a processor?
With more to come via the extension.

cheers


—•‘MinRes’ maiden share of offtake for Mt Marion spodumene concentrate was converted into 6,722t of lithium hydroxide in China under the tolling agreement with Ganfeng.
’The structure of this agreement is such that Mt Marion lithium hydroxide EBITDA for FY22 is now expected to be US$150-160 million (unaudited).
Revenue for the sale of this product is now expected to be US$510-520 million (unaudited).

—• MinRes has exercised an option to extend the Mt Marion tolling agreement with Ganfeng for an additional three months to 30 November 2022, with scope for further extensions.