ASX Price $14.99 0.49

Execution of Wodgina Exclusivity Agreement with Albemarle

On the 21 November 2018, we announced that we have entered into an Exclusivity Agreement with American company, Albemarle Corporation, for the potential sale of a 50% interest in the Wodgina Lithium Project and the formation of a 50:50 joint venture.

MRL and Albemarle will work together to produce high quality, competitively priced lithium products to meet the increasing global requirements for battery energy storage products. The agreement, released on the eve of our 2018 Annual General Meeting, was met favorably by investors and we look forward to a successful relationship with Albemarle.

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