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Minimum price of US$550 dmt (FOB equivalent) and maximum price of US$950 dmt (FOB equivalent) based on Li20 content per dmt on 6% Li20 content for the second and subsequent years.
Each of Tawana and Alliance executed an offtake agreement in April 2017 (and subsequent variations thereto) for the supply of lithium concentrate from Bald Hill over a five-year term with pricing for 2018 and 2019 of US$880/t (FOB Esperance port) for 6% Li20. The prepayments from the aforesaid offtake agreement are being used towards the capital costs of the project.
A current Indicated and Inferred lithium mineral resource of 18.9 million tonnes at 1.18% Li20, and 149ppm Ta205 at a 0.5% Li20 cut-off for the project was calculated by CSA Global Pty Ltd.(1)