the future lies here Near Term Milestones - on the...

the future lies here
Near Term Milestones - on the commercialisation path
Stage 1: “Upstream” McIntosh Joint Venture (Mineral Resources - Manager)
• Mineral Resources JV Agreement signed (to replace binding HoA). Aug-Sept 2018
• 12,000 metre drill program in progress. Completion in Nov. 2018
• Feasibility study updates; drill results, resources, flowsheets, Opex and CapEx – ongoing until October, 2019
Stage 2: “Downstream” 100% HXG Focus
• Pilot Furnace agreement with US based technical partner. Oct-Nov 2018
• Scoping study on refining and downstream processing business case. December, 2018
• Test work - purification for refinery Feasibility Study. Q4 2018 to H1 2019
• Test work - product qualification for Electrodes Line and Battery Line. Ongoing 2018 & H1 2019
Other:
• Off-takes / Marketing Agreements – ongoing, inline with above test work
• Ongoing review for fast track production/marketing options e.g. other “McIntosh like” deposits
• Halls Creek transaction – IPO, Farm-out or Sale