SQM Australia Pty Ltd entered into an agreement to acquire Mount Holland lithium project in Western Australia from Montague Resources Australia Pty Limited, Kidman Resources Limited (ASX:KDR) and MH Gold Pty Ltd for $30 million on 11 September 2017. Under the terms, $25 million will be paid as a deferred price of the transaction and $5 million will be paid immediately. The purchase price is subject to certain adjustments. SQM Australia has committed to grant Kidman up to $21.5 million in credit to be used by Kidman for development of Holland project. . The agreement is subject to compliance with usual terms and conditions for this type of transaction including but not limited to the granting of government approvals for the transfer of mining property. SQM Australia Pty Ltd completed the acquisition of Mount Holland lithium project in Western Australia from Montague Resources Australia Pty Limited, Kidman Resources Limited (ASX:KDR) and MH Gold Pty Ltd for $34.7 million on December 20, 2017. Under the terms, $9.7 million was paid immediately and $25 million is subject to compliance of the conditions established in the agreement.