Posted this on the ADN forum (post.51864705), however that space...

Posted this on the ADN forum (post.51864705), however that space is a bit too heated space at the moment for my likings.
I also thought investors here would be appreciate seeing the current line up of customers' LOI that we are looking to sign into binding off-take agreements.

I'll say it again, there is not shortage of demand for our product but it is just the processed of working with a bunch of customers to agree of amiacable terms. Hoping to see more customers converted over the coming months.

Summary of our current LOI/BOA with accompanying announcements for reference.

As of 18th of March 2021.

1. BOA for 5,000 tpa of DSO
2. LOI for 400,000 tpa of DSO
3. LOI for 307,000 tpa of dry processed
4. LOI for 208,000 tpa of wet-processed.

As we can see there is plenty of interest in our product, it is just a matter of converting these LOI into BOA agreement now. A question that I am a bit unsure about is the pricing for these different end products.

Can someone also clarify the margins for each of the products: DSO, dry-processed and wet-processed.

References.
Announced on the 19th of August 2019.

• Longyan Koalin China: 200,000 tpa DSO
• Beihai Kaolin China: 200,000 tpa DSO
• Yamada Japan: 5,000 tpa DSO now converted to a BINDING OFF-TAKE AGREEMENT

= 405,000 tpa DSO


Announced on the 29th of July 2019:

• Anpeak China: 120,000 tpa dry processed
• Weifang Engers Ceramics: 50,000 tpa dry processed
• Guangzhou Changying Trade: 30,000 tpa dry processed
• Guanzhou Jinghui Ceramic Material: 5,000 tpa dry processed
• Forshan Mei Zhi Hui Cermaic Material: 2,000 tpa processed
• China Mineral: 100,000 tpa dry processed

= 307,000 tpa dry processed


Ann: High Chinese demand for Carey's Well halloysite-kaolin 25/06/2018
208,000 tpa wet-processed mineral [updated in a later announcement]