Ann: Quarterly Report - September 2018, page-11

All BINDING bids will be submitted by early November, a decision to be made this quarter.

Overall a good report.

- Mt Cattlin production delays will be overcomed this quarter with larger shipments.
- The Mt Cattlin Yield Optimismation Project will be competed this quarter.
- POSCO money is in escrow and will be released this month.
- Lithium Hydroxide prices still robust at US$18,000 to US$19,000 (what we produce at SDV), and Li prices in China are expected to recover this quarter too.