Tawana - Oz's next lithium producer

MILESTONES so far in 2017: binding offtake for all production at USD$880; 2/3 of $25m prepayments rec'd; JORC; Feasibility Study phase 1= 159,000tpa; large scale met work; drilling results; 2xCR's now fully funded to production


CATALYSTS TO COME

1)Further drill results / assays

2)Aug resource upgrade (5 drill rigs on site) and another in Dec

3)Confirmation of construction

4)Confirmation of 50% earn in to the whole of BH project.

5)Tantalum offtake

6) mining to start in October

7)phase 2 further details to process fines and middlings

8)phase 3 once resource can support it 2 x DMS to make output 420,000

9) commissioning

10) first shipment

Most importantly from an investment POV is the shares on issue and as TAW is now fully funded it has the luxury of only 442m shares on issue and can expect cashflow generation approximate to its current market cap which at time of writing is $81m

I'll leave revenue forecasts and upside for another day or someone else