Lithium refinery

Our Projects

LITHIUM REFINERY

Neometals is investigating vertical integration down the lithium value chain via future production of lithium chemicals.

What

Neometals is evaluating vertical integration down the lithium value chain via future production of lithium chemicals. The Company is evaluating several sites, with priority focus on a partnership with an Indian company, Manikaran Power Limited, to supply lithium hydroxide to the battery cathode industry. The project is to be underpinned by a binding life-of-mine annual off take option for 57,000 tonnes per annum of Mt Marion lithium mine 6% spodumene concentrates.

As part of the lithium refinery project, Neometals is also developing a process to use lithium refinery residue as a feed material to synthesize zeolites. Zeolites are industrial molecular sieves for green chemistry applications related to air, water and hydrocarbon purification.

Why

Neometals strives to integrate down the value chain to increase margins. The off take option from Mt Marion is very valuable as it’s a secure, proven Tier One source of lithium concentrate that has been further processed and used in the battery products of global brands for years. The demand outlook for LIB, hence lithium demand, is very strong and high-quality lithium chemicals from proven sources will be sought after.

To support or complement the lithium refinery, co-production of synthetic zeolite from residue could eliminate significant disposal costs and generate substantial co-product revenue from a market multiple times larger than the lithium market.

The Lithium Refinery Project represents a strategic option for Neometals where the company aims to be prepared for a strengthened lithium market. The energy storage thematic has extremely robust long-term drivers.

Status

Neometals’ zeolite development work is running in parallel with evaluation of the optimal design scale for its lithium refinery. Feasibility analysis for an Indian project would be followed by acommercial development decisionthat considers zeolite test-work and feasibility to determine if this secondary product is best coupled with the proposed Indian refinery or as a standalone opportunity using third party sources of refinery waste.

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