HC_Haplo

Kidman Resources - New closing high #lithium #resources

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HC_Haplo Atualizado   
ASX:KDR   None
Another closing high on the back of OROCOBRE LIMITED announcing new pricing guidance for lithium carbonate. Something Kidman shareholders will get used to well into 2018.

Upcoming Price Catalysts
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Assay result from Bounty and Earl Grey
Resource -0.20% Upgrade
Off-take deal announcement
Appointment of new chairman

Highlights
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* JV with No 1 lithium producer $SQM
* Fully funded to mine production
* Resource -0.20% will likely double
*No offtake agreements signed as yet
* Clear takeover target

JORC Resource
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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 million
Comentário:
Bounty results dropped this morning. Kidman will look at defining a second deposit on those results. Looking solid for 2018

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