Awaiting News - New Li Off-take Partner? / Exploration Regime, page-4

Door opens to additional offtake agreements

Calderwood noted the new entity had been negotiating offtake-style agreements for several weeks, holding talks with Hong Kong-based Burwill.

The full exclusivity of Alliance’s arrangement with Burwill will end.

Calderwood said: “There’s been a few positives come out of that for us, and the key one is that we will limit their tonnages.

“They will receive about half the production from Bald Hill, and the other half, we are free to sell to another offtaker, and we’re into dense discussions on those with potential other offtakers.

“This gives us a bit more certainty about where products (are) going and demand going forward.”

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