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Exclusive Lithium Concentrate Offtake Agreement Highlights

In April 2017, Burwill successfully obtained the exclusive selling rights to the lithium concentrate flowing from the Bald Hill Project in Western Australia for a five year term and pre-emptive rights to the same for subsequent five years. Starting from February 2018, Burwill shall, in the first two years, obtain an aggregate of at least 200,000 dry metric tonnes of high-grade lithium concentrate.

Highlights
  • The world is set off a wave of clean energy, especially the rapid growth of new energy vehicles. Demand for lithium-ion batteries is high, but lithium concentrate resources, being an upstream of the lithium industry, are very scarce.
  • The Bald Hill Mine, covering an area of over 790 sq. km, is a rare high grading mine with large-scale production capacity in the world.
  • The exploration and testing data is encouraging results with spodumene-rich by-product concentrates up to 6.73% Li2O produced during commissioning of the original tantalum plant.
  • Well-equipped with excellent infrastructure, including transportation, electricity, water and mine separator, etc.
  • Target to start off commissioning by the end of 2017 and the first shipment of lithium concentrate with grade 6% in the first quarter of 2018.