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#Broker View
stale
Added 3 years ago

JPMORGAN - Raised to Overweight PT $1.90

MACQUARIE - Outperform PT $3.40

#ASX Announcements
stale
Added 4 years ago

Liontown and Tesla execute binding Offtake Agreement

Highlights

Liontown and Tesla have executed the definitive full-form agreement (Offtake Agreement) for the supply of spodumene concentrate from the Kathleen Valley Lithium Project in WA.

The full-form agreement expands the detail on the material terms agreed in the binding terms sheet announced on 16 February 2022 and specifies the operational and logistical requirements for the delivery of product.

Five-year term expected to commence in 2024.

Tesla to purchase 100,000 dry metric tonnes (DMT) in the first year, increasing to 150,000 DMT per year in subsequent years.

Pricing is determined using a formula-based mechanism referencing market prices for battery-grade Lithium Hydroxide Monohydrate.

459n9bm13ns74m.pdf (asx.com.au)

#ASX Announcements
stale
Added 4 years ago

Landmark Native Title Agreement for Kathleen Valley Project marks a key step towards the development of a new world class lithium processing hub in Western Australia

Highlights

Pivotal Native Title Agreement (NTA) signed today with the Tjiwarl Native Title Holders, a group of families who are the Traditional Owners of the land at Liontown’s 100%-owned Kathleen Valley Lithium Project (KV) in Western Australia’s North-eastern Goldfields.

The landmark agreement was formally signed in Leinster today by senior representatives of both parties, representing a major milestone for KV that enables the finalisation of remaining project permitting submissions ahead of a Final Investment Decision targeted for Q2 2022.

The NTA follows 2.5 years of negotiations between the Tjiwarl Native Title Holders and Liontown, resulting in the formalisation of an agreement that embodies a spirit of genuine collaboration and respect which facilitates project development while protecting heritage and country.

Early inclusion of the Tjiwarl Native Title Holders in the planning for the KV development has ensured that vital cultural and heritage considerations have been included in the fundamental design and layout of the Project.

The predominantly underground operation outlined in the recent KV Definitive Feasibility Study (see ASX Announcement 11 November 2021) was developed collaboratively with the Tjiwarl to ensure the impact of the mine development on culturally significant areas will be minimised.

KV is on-track to become one of the world’s leading lithium mining and processing operations based in WA, with a 23-year mine life and the potential for substantial upside from value added downstream processing