Ann: Lithium Offtake Agreement and Prepayment, page-3

http://www.hkexnews.hk/listedco/listconews/sehk/2017/0420/LTN201704201001.pdf

6% at USD$880
6.8% at USD$1000 ($15 for every 0.1% increase)

GXY
5,5% at USD$600

1. In case anyone is wondering why is it $880 and not $1,000, it's because the percentage concentrate Burwill uses 6.8% concentrate and Tawana uses 6% concentrate. Essentially the deal is the same.

2. Tawana has secure a better deal - better grade and at higher price than Galaxy, making it now one of the finest lithium explorer turn producer in WA. Even more remarkable is the fact no one see this coming, especially none of the explorers or producers ever include Tawana in their most recent competitor analysis. In such a short spam of time, this is another testament of the management team. Very nice and all the best to all holders.