KDR kidman resources limited
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Ann: POS: Poseidon and Kidman Sign Lake Johnston Lease Agreement, page-8

  1. Haplo
    17,226 Posts.
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    16/11/16
    10:09
    Post #: 20649113
    Any offtake or MOU agreement will come out soon after the JORC gets released. Pretty sure they would be paying for the refurbishment of the plant if they didn't have something lined up.

    Only my thinking of course.

    Haplo
    KDR Price at posting: 46.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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  3. brookvill2
    473 Posts.
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    16/11/16
    10:12
    Post #: 20649338
    POSEIDON & KIDMAN SIGN LAKE JOHNSTON LEASE AGREEMENT
    Highlights
    • Poseidon enters into an exclusive Option Deed with Kidman to process Mt Holland lithium ore at Lake Johnston

    • Forecast throughput is estimated to be between 1.0 to 1.5MTPA to produce over 200,000 tonnes per annum of 6% spodumene concentrate
    • Kidman to pay Poseidon $500,000 for the exclusive Option
    • Upon exercising the Option Kidman will refurbish the Lake Johnston facility at their cost
    • Poseidon will receive a minimum of $6M per year for 3 years during production
    • Kidman and Poseidon take full advantage of the bullish lithium market
    • Engineering design progressing
    • Establishes Lake Johnston as a spodumene concentrate producer
    • Poseidon and Kidman will collaborate on downstream processing option
    KDR Price at posting: 45.5¢ Sentiment: Hold Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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