This was the deal stated in December Announcement:
7 year offtake for 100% of Phase 1 Production with Sinomine
Sinomine to fully finance the construction of the Mine and Plant, subject to conditions
Sinomineto become a major shareholder in Prospect via a share investment of A$10 million, subject to conditions
•Ore Reserve represents more than 20 years of production
•Contains ~868,000 tonnes of Lithium Carbonate Equivalent (LCE)
•99.5% battery grade lithium carbonate produced from Arcadia Petalite
I should say, stick with the plan as agreed, if Sino want the whole Lithium Arcadia bucket they have to pay well for a 20 year of mine life
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