Ann: Quarterly Report - June 2018, page-145

Have read somewhere that GXY locks in pricing each year at the start of the year can anybody confirm this?

Does all product get locked in or a proportion of production with the rest being sold at the mercy of spodumene price gyrations?

Both of these questions might be answered in this announcement.

GALAXY SIGNS BINDING LONG TERM OFFTAKE AGREEMENTS FOR MT CATTLIN

We are still awaiting details of the tolling arrangements.

The most recent shipment seemed to be for $US1000 p/t, what can be inferred if anything from that figure in regards to the above two questions?

There hasn't been any specific details of the pricing that the company is receiving which I am aware of but there has been speculation.

The June quarterly activities report indicates an average cash margin of U$534 per DMT sold (including royalties and marketing fees)