Kidman Resources Limited (Kidman or the Company – ASX:KDR)...

Kidman Resources Limited (Kidman or the Company – ASX:KDR) provides the following highlights for the period 1 April 2018 to 30 June 2018: • Kidman’s JV lithium refinery location announced within the Kwinana Industrial Park, Western Australia • The Company enters into a binding, fixed-price, take-or-pay lithium hydroxide offtake agreement with Tesla • Kidman is elevated to the S&P/ASX All Australian 200 Index • Kidman and SQM have agreed the refinery will initially produce solely lithium hydroxide. This is expected to deliver capital expenditure benefits over a dual stream process delivering hydroxide and carbonate. • Strong interest from globally significant offtake parties for lithium hydroxide (relative to lithium carbonate) • Discussions underway with potential debt financiers following the binding Tesla offtake as well as advanced discussions with other investment grade counterparties also seeking hydroxide offtake from Kidman • Solid progress made on all baseline work for the upcoming feasibility studies for both the mine & concentrator and refinery during the quarter • The Company’s cash balance is boosted by $7.1 million with conversion of KDR options