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.