Kidman Resources - Outperforming The $LIT ETF

4 мар. 2018 г.

Upcoming milestones: Kidman is expecting to put out Definitive Feasibility Studies (DFS) for both the mine/concentrator and the refinery by the midpoint of 2018, start production in 2019, with the refinery going live in late 2020.

Upcoming Price Catalysts
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Further assay result from Earl Grey 1H2018
Refinery Update - Financing and location.
Deposit size upgrade 1H 2018
Off-take deal announcement. Near Term
Define second deposit at Bounty area. 2H2018
Commence building of mine : December quarter 2018
ASX 200 Inclusion
Gold Asset Divestments

Highlights
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* JV with No 1 lithium producer SQM
* Fully funded to mine production
* Deposit will likely double
* No offtake agreements signed as yet
* Clear takeover target

Research Notes
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JP Morgan $2.50
Blue Ocean Equity $2.50 short term and $4 long term.

JORC Deposit
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128Mt at 1.44% Li20 for 4.54Mt LCE

Corporate Snapshot
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Shares on issue: 350.14M
Options on issue: 47.45M
Cash (Sept 2017): AUD$6.23 million
Debt : AUD$6.3 millionn