Ann: Quarterly Report to 31 December 2016, page-4

I didn't interpret it that way.

"Upon completion of the lease agreement, Poseidon will have a commissioned and operating plant at no cost to the Company and potentially receive a minimum $18,500,000 cash injection, an outstanding achievement, which is consistent with the Company’s vision of establishing Lake Johnston, with all of its existing plant and infrastructure, as a co-processing facility for the production of spodumene and or nickel concentrate." (p.4)

I interpreted this to mean that upon *expiry* ("completion") of the lease to KDR, POS will have an operating plant with co-processing capablities. This is not the same as co-processing Ni (for POS) and Li (for KDR) during the term of the KDR lease. Unless I am very much mistaken, KDR will have exclusive use of the plant for Li activities during the term of the the lease.