MNS 0.00% 4.2¢ magnis energy technologies ltd

Ann: Graphite Sales Agreement Signed with Major European Group, page-4

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  1. 103 Posts.
    Sales Agreement
    The Agreement signed for 25,000 tonnes per annum of flake graphite consisting of 15,000 tonnes per annum of Super Jumbo (+500 microns) at 97-99%TGC purity and 10,000 tonnes per annum of Jumbo (+300 microns) at a purity of 97.5% - 99.5%TGC. Under the agreement, Magnis can source the graphite from its Nachu project, as well as from other mines that produce graphite based on the above specifications.
    Pricing is fixed over the initial 3-year term and is commercial in confidence with first delivery expected in 2019.

    Overall pricing exceeds the forecasts used in the Magnis Bankable Feasibility Study released via an announcement to the ASX on 31 March 2016.

    Nice !
 
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