TAW 0.00% 31.0¢ tawana resources nl

Ann: Trading Halt, page-88

  1. 1,860 Posts.
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    Interpretation of Burwill's announcement from TheEdgeMarkets:
    Burwill to pay A$25 mil for exclusive selling rights to Alliance Mineral Assets’ Bald Hill lithium

    It also suggests that the deal has been signed:

    "Burwill has made an initial advance payment of A$7.5 million upon signing of the agreement, and will make two further advance payments of A$8.75 million each in July and Sept 2017."

    We shall await confirmation from TAW/AMAL announcement.

    Also note that this deal is only for the lithium, we also have substantial tantalum credits, which will probably be another offtake party (IMO Mitsubishi).
 
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