Western Areas Ltd. announced the award of new offtake contracts with BHP Billiton Nickel West Pty Ltd. and Jinchuan Co. Ltd. for the Company's high grade Forrestania Nickel Operation concentrate product. The new contracts follow the successful completion of a highly competitive tender process that has resulted in improved commercial terms compared to current offtake agreements. The Nickel West contract is a new agreement, rather than an extension of the previous arrangement that completes on 31 January 2020. The key terms of the new contract include: Contract Period - Three years from 1 February 2020 or until completion of the aggregate quantity; Quantity - 10,000 tonnes of nickel contained in concentrate per annum with a 30,000 tonne, aggregate limit; Delivery - Bulk logistics to Kambalda, consistent with arrangements already in operation; and Other Commercial terms - Payable rates are subject to customary confidentiality clauses, all other terms are in line with industry standard for such agreements. Jinchuan Key terms for the Jinchuan contract include: Contract Period ­ Two years from 1 February 2020 or until completion of the aggregate quantity; Quantity ­ 10,000 tonnes of nickel contained in concentrate per annum with a 20,000 tonne, aggregate limit; Optional Extension ­ The contract can be extended, by mutual agreement, for a further twelve month period at an aggregate nickel quantity to be agreed between the Company and Jinchuan; Delivery ­ CIF into China, utilising the already established logistic process; and Other Commercial terms ­ Payable rates are subject to customary confidentiality clauses, all other terms are in line with industry standard for such agreements. Following execution of the new agreements, the Company's existing contract with Tsingshan Group will end on 31 January 2020. Western Areas would like to acknowledge the strong commercial relationship it has enjoyed with Tsingshan over a number of years.