HC_Haplo
Long

Kidman Resources - Imminent Update to set new highs.

ASX:KDR   KIDMAN FPO
Subsequent retraces in the up trending channel have been getting smaller with each retrace. An update on financing for their 50% refinery component is expected to demonstrate that minimal dilution to share registry will be required if any at all. If that is the case then a major re-rate of the share price will follow.


Potential Catalysts- Financing, Resource             Expansion and Offtake Partners: As a result of the SQM             JV, the company has enough funds to cover the mine and concentrator capital costs. So the company will

only need to raise capital to cover refinery related expenses. They are estimating this amount to be $550m (or $275m for Kidman’s share of the expenses).

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.
Source: https://thelithiumspot.com/2017/12/21/thoughts-on-kidman-resources-presentation/

Upcoming Price Catalysts
-----------------------------------
Further assay result from Earl Grey 1H2018
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
---------------
* 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
--------------------------
Blue Ocean Equity price target at $2.50 short term and $4 long term.

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

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


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