Tawana fully funded to start production in Q1 2018 at the Bald...

Tawana fully funded to start production in Q1 2018 at the Bald Hill Lithium
and Tantalum Mine, and through to first product sales.

A$20 million equity investment at a premium to 10-day VWAP at favourable terms from new strategic lithium industry specialist involved in the production of lithium battery cathode materials and electric vehicles, and $5 million loan at favourable terms from its nominee.

Amendments to offtake agreement with Burwill Commodity Limited (Burwill), including repayment of prepayment at a rate of 15% from the value of each lithium concentrate shipment (down from 20%) reflects long term support for Bald Hill and the Joint Venture1.

Lithium processing facility currently in construction, first lithium shipment targeted for Q1 2018.