Kidman said drilling work had delivered "exceptional results" and increased the company's confidence in the mineral resource. " Interest in Galaxy Resources jumped on 29 November after it said it had signed a series of long - term lithium off - take agreements with customers in Asia . The five - year price cover are for a minimum of 200,000 tonnes per annum of lithium production , and buyers for all the output of Galaxy 's Mt Pleasant mine in Western Australia as far ahead as 2022 . Galaxy also said it would be paid a higher " headline " price for its product in 2018 than 2017 .
Interest in Galaxy Resources jumped on 29 November after it said it had signed a series of long - term lithium off - take agreements with customers in Asia . The five - year price cover are for a minimum of 200,000 tonnes per annum of lithium production , and buyers for all the output of Galaxy 's Mt Pleasant mine in Western Australia as far ahead as 2022 . Galaxy also said it would be paid a higher " headline " price for its product in 2018 than 2017 .