Neometals Ltd: Aim to Create the Most Sustainable Highest-Margin Lithium Business, Interview with Mike Tamlin, COO
According to Mr. Tamlin, Mt Marion mine has reached maximum production capacity, at a time when the lithium prices are at an all-time high. From the third quarter of this year, Mt Marion Mine is planning to start paying the mine JV shareholders their share of profits. Revenues are very strong and looking to go stronger when the concentrator production is upgraded, later in 2018. The Kalgoorlie Lithium Refinery, which will produce 10,000 tonnes of lithium hydroxide equivalent per annum, is in the middle of its front-end engineering and design phase. The site is well-located and well-serviced.
How a bunch of penny-dreadfuls turned Australia into a lithium superpower
Albemarle, Kidman, Neometals and Mineral Resources have also announced plans to build their own domestic beneficiation plants, and if all of those companies deliver their plans, the construction bill would run into the billions of dollars.
Kalgoorlie Boosted By Special Announcement
The Growing Kalgoorlie-Boulder Economic Development Conference jumped out of the blocks in the morning session, with lithium miner Neometals revealing its plans to build a new lithium refinery 5km outside Kalgoorlie-Boulder township. In a major economic shale-up for the Goldfields region, the downstream processing plant will create more than 100 jobs and the capacity to produce an initial 10,000 tonnes of lithium hydroxide annually - a substance crucial to the battery making process.
Video interview with Chris Reed on Kalgoorlie-Boulder lithium hydroxide plant
Chris Reed, chief executive of Neometals Ltd, discusses with Proactive's Andrew Scott their decision to enter into an option agreement to sub-lease a 40-hectare site in Kalgoorlie for a proposed lithium hydroxide refinery.
Rush into lithium processing shows no sign of slowing
Battery materials company Neometals is on the hunt for an off-take partner after selecting a site near Kalgoorlie for the latest lithium hydroxide plant slated for construction in Western Australia. Neometals has signed an option agreement with the City of Kalgoorlie-Boulder to sublease a 40 hectare site for a 10,000 tonne-a-year lithium hydroxide plant. It is estimated such a plant would cost close to $200 million to build and bring total potential processing capacity in WA to more than 200,000 tonnes a year.
Lithium booms shows no sign of slowing as new refinery announced for WA
Lithium miner Neometals has revealed plans to build a downstream processing plant in Kalgoorlie-Boulder at a cost of about $200 million, creating more than 100 jobs. The decision marks potentially the biggest economic shake-up for the regional mining hub since the construction of the Kalgoorlie Nickel Smelter in the 1970s and the start of the Super Pit gold mine in the late 1980s.
Kalgoorlie base for Neometals lithium vertical integration
Neometals, the WA based technology minerals project developer, is using its 13.8% stake in the Mt Marion lithium mine near Kalgoorlie as the backbone to its downstream product and growth strategy. Neometals is also developing its Barrambie titanium project together with a range of mineral processing technologies, however, it is the pursuit of lithium value chain integration that promises the company global relevance in the battery supply chain.
Australian initiatives to challenge China on lithium processing
WA-based lithium miner Neometals is evaluating the prospects of constructing a lithium hydroxide plant near Kalgoorlie, announcing to the ASX earlier this week the appointment of Germany's M+W Group to conduct an engineering study for the plant. Neometals, which has offtake agreements in place with Ganfeng for production for the first stage of operations at its Mt Marion mine, is expected to make a final decision on whether to go ahead with the facility early next year. The company is seeking to build the processing facility to gain a cost advantage over its competitors, particularly in transport, shipping and duty savings.
Global car makers racing for lithium
Neometals managing director Chris Reed said, like electric vehicles, lithium had become an extremely China-centric story, largely because most of the world's lithium processing capacity was located in China, or was controlled by Chinese companies. Ramping up processing and manufacturing capacity by Chinese players, Mr Reed said, had made lithium one of the most active spots in WA's minerals sector in recent years, with three new mines coming online last year and another five expected to start producing by the end of 2019.