Ann: Historic Binding Offtake Agreement Concluded with K-plus-S, page-2

Kalium Lakes Concludes Historic Binding OfftakeAgreement with Global Potash Producer K+S

Highlights
• German fertiliser producer and distributor K+S commits to purchase up to 90,000tpaof SOP production from Kalium Lakes
• 10 Year binding agreement underscores initial revenue estimated to be ~A$650M
• K+S, with a market capitalisation of more than €3 billion and Potash revenues ofapproximately €1.9 billion per annum, is one of the world’s largest SOP producers
• Australia’s first Sulphate of Potash production on schedule to begin in 2020

Kalium Lakes Limited (Kalium Lakes) (ASX:KLL) is delighted to announce the latest in a series of globalassociations by entering into a Binding Offtake Agreement with K+S, with respect to Sulphate of Potash (SOP)production from its Beyondie Sulphate of Potash Project (Beyondie Project) in the East Pilbara region ofWestern Australia.
Kalium Lakes Managing Director, Brett Hazelden, commented: “We are extremely pleased to have reachedagreement with one of the world’s pre-eminent SOP producers and distributors. It further strengthens ourdesire to be the first commercial SOP production facility in Australia, supplying Australian and overseasfarmers with a locally produced premium fertiliser.
“As a major and long-term partner, K+S offers unparalleled access to extensive expertise in design,construction and operation of SOP facilities, which will assist Kalium Lakes during the critical Commissioningand Production ramp up phase of the project.
“With our recent funding announcements and now this binding offtake deal, we can now confidently focus onfinalising our important Final Investment Decision targeting the second quarter of 2019,” Mr Hazelden said.