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The Mt Cattlin project.

General Mining, Mitsubishi offtake deal

Production is a step closer to restart at the Mt Cattlin lithium mine, with General Mining Corporation signing a four-year offtake deal with Mitsubishi Corporation.

The agreement will cover 100 per cent of the spodumene (lithium) concentrate produced at Mt Cattlin, and will have an option for a one-year extension.

Mitsubishi will sell into China, Taiwan, South Korea and Vietnam, were lithium demand is rising thanks to a range of technological applications and the expansion of the battery market.

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Share Transactions

13/10/15
$71k Sold
21/09/15
$25k Bought
21/09/15
$40k Bought
Total value as at the date of the transaction
Source: Morningstar

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