Kidman Resources Provides December 2017 Quarterly Activities Report

Kidman Resources Limited completed a defining quarter to close out 2017, and is set for a very busy 2018.

During the quarter, Kidman announced completion of a strategic joint venture (JV) with Chilean-based Sociedad Quimica y Minera de Chile (SQM), the world’s largest lithium producer, in respect of the world-class Mt Holland Lithium Project.

As part of transitioning from explorer to project developer, the Company has completed its Board renewal process through the addition of industry leader and new Chairman John Pizzey and respected business development executive Aaron Colleran as a Non-Executive Director.

While the Mt Holland JV prepares for a new Earl Grey Project Mineral Resource estimate (due March quarter 2018), followed by a maiden Ore Reserve and release of the Feasibility Study, planning for construction of an on-site lithium concentrator is well advanced. Early-stage planning for a related refinery is progressing well, with site selection imminent.

Encouraging exploration results from the Bounty Prospect, also within the Mt Holland JV tenements, will be tested further during 2018. While there are a considerable number of untested targets within the Mt Holland tenements, Bounty already has the genuine potential to be an important additional source of material for the Mt Holland Integrated Lithium Project.


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