Overview

Overview

Neometals Ltd and Mineral Resources Limited have signed a Memorandum of Understanding to jointly assess the technical and commercial feasibility of the construction and operation of a lithium chemical plant in the Eastern Goldfields of WA with nameplate capacity of 20,000 - 25,000 tpa of lithium carbonate equivalent production.

The proposed process route will utilise the conventional sulphate/caustic soda process used by leading Chinese lithium converters (including Ganfeng) and will eliminate the need for pilot testing as Ganfeng will be processing Run-of-Mine concentrates at commercial scale from the December Quarter 2016.

Under the plan the partners would use lithium concentrate from their jointly - owned Mt Marion Project to produce a battery-quality, lithium hydroxide product suitable for direct sales to the Lithium Ion Battery industry for use in production of battery cathodes.

Having a plant located near the Mt Marion operation is expected to provide significant operational and logistical cost benefits while there would be widespread Goldfields and State economic benefits through the secondary processing of raw materials to develop high-value products.

Key activities under the MoU will include:

  • Front end engineering and design (FEED)
  • Site selection and acquisition
  • Negotiation of reagent supplies (gas, sulphuric acid, caustic soda)
  • Assessment of environmental and regulatory approvals

Initial work streams under the MOU will commence in 2016, with a Final Investment Decision expected by Q3 of 2017.

Due to conflicts with optimum commercialisation schedules for new lithium hydroxide supply, the ELi Process is not being considered for the initial design.

Project updates

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  • Quarterly Activities Report

    Progressed study with Mineral Resources for determining feasibility of producing 20,000tpa LCE Lithium Hydroxide in Eastern Goldfields of WA

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  • MOU for Downstream Lithium Processing Plant

    Neometals Ltd (ASX: NMT) and Mineral Resources Limited (ASX: MIN) are pleased to announce the signing of a Memorandum of Understanding (MOU) to further progress the development of a downstream lithium chemical plant in the Eastern Goldfields of WA.

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Li
Lithium is the lightest known metal in the world.
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