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.
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