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Neometals Ltd and Mineral Resources Ltd update on offtake pricing

The Mt Marion Lithium Operations are located in Western Australia.
Neometals Ltd and Mineral Resources Ltd update on offtake pricing
Mt Marion

Neometals Ltd (ASX:NMT) and Mineral Resources Ltd (ASX:MIN) has provided an update from the Mt Marion Lithium Operations.

Pursuant to the terms of the Offtake Agreement with their partner, Ganfeng Lithium, effective from 1 July 2017 the price payable per dry metric tonne of 6% spodumene concentrate produced at Mt Marion and delivered CFR China (Incoterms 2010) increased to US$841 from US$750.

Currently, Neometals has a sale process underway for its 13.8% equity in Mt Marion.

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