Ann: Update on Product Offtake-PLS.AX, page-525

Wow, you are well connected.

Its quite clear it states GAMW has right of first refusal to purchase Lithium or Tantalum....

It does not say whether GAMW can sell or assign such right to a third party (MRL).

Would be interesting to read the rest of the agreement.

Any way, the other thing to note (from press release of PLS) was:

"On the evening of 22 July 2016, Pilbara received notification from Mineral Resources Limited (ASX: MIN) (“MRL”) that it had that day purportedly been partially assigned the ROFR as part of the acquisition of Global Advanced Metals Pty Ltd’s Wodgina mine assets."

MRL was assigned the right as part of its purchase of GAMW's Wodgina mine assets.

Not the purchase of GAMW itself.

Of course, this will be the first thing for the court to decide.

If it decides GAMW has No right to Assign the "Right of First Refusal", the other issue of financial terms to the agreement between PLS and General Lithium will be irrelevant.

JMH