Ann: Sinclair mine - offtake update, page-21

https://unauthorised investment adv...-a-10-year-deal-with-german-fertiliser-giant/


Very rare mineral producer Pioneer (ASXIO) says it has mined 57 per cent more pollucite than originally thought – which means more money from its offtake partner, CabotSF. For the year ending June 30, Pioneer expects to record sales of $US7.5m ($10.5m), which is more than enough to fully repay a CabotSF Loan. Between July 2019 and January 2020, the Western Australian miner expects to sell a further $9.85m of pollucite which is “100 per cent settled in cash”. And Pioneer says CabotSF’s new Chinese owner is showing particular interest in the miner´s planned activities and “the prospect of finding more pollucite and lithium minerals”.