ADN: Substantial binding offtake agreement signed with large...

ADN: Substantial binding offtake agreement signed with large Chinese
commodity trading house Jiangsu Mineral Sources International Trading
Co. Ltd (MSI) for 70,000tpa +/- 10% of refined ultra-bright high-purity
kaolin material for the coatings and polymers market for an initial term
of 5 years.
• The contract price for the offtake agreement is superior to the selling
price used in the Pre-Feasibility Study of A$700/tonne for ceramic grade
material and is fixed for the first 3 years of the contract.

LRS will be bigger and better after our stage 2 drilling which start mid this month would double our deposit to 400MT biggest in AUS, we have a very bright future in Kaolin/Halloysite in the huge demand from China there the high-quality resource is drying out and limited operation due to environmental protection. LRS just one-year behind ADN so we can catch up or just follow the way to be successful.
DYOR