Business
First Lithium Sulphate Plant Study
First Lithium Sulphate Plant Study.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n\n \n \n23 August 2023\n \nAlkemy Capital Investments Plc\n \n \nCompletion of Feasibility Study for Australia's first independent Lithium Sulphate processing facility in Port Hedland\n \n \nAlkemy Capital Investments plc (\"Alkemy\") (ALK:LSE) (JV2:FRA) and its wholly-owned Australian subsidiary Port Hedland Lithium Pty Ltd (\"PHL\") are pleased to announce the completion of a Feasibility Study for Australia's first stand-alone lithium sulphate processing facility, located at the Boodarie Strategic Industrial Area (\"SIA\"), just outside of Port Hedland, Australia's largest export port.\nThe Feasibility Study has been produced ahead of schedule in response to the due diligence requirements of certain global OEMs looking to utilise and contract with Alkemy's refineries.\nHIGHLIGHTS: \n· Class 4 Feasibility Study completed by Wave International for Australia's first stand-alone lithium sulphate processing facility at the Boodarie SIA, Port Hedland\n· The Boodarie refinery has been designed to process spodumene concentrate from various potential Australian mines, producing a lithium sulphate monohydrate (LSM) for TVL's Wilton refinery in the UK\n· Initial capital cost for Train 1 of US$322 million\n· Gross revenues per annum for Train 1 of US$396 million\n· Internal rate of return (IRR) of 18%\n· Post-tax net present value (NPV) for Train 1 of $293 million\n· NPV for 4 Trains of US$1.0 billion, which combined with Wilton's NPV of US$2.7 billion gives a total NPV of US$3.7 billion across both projects when all 4 Trains are built\n· Flora and Fauna baseline survey completed for Boodarie as part of the required environmental approvals\nAlkemy's strategy, through its two wholly-owned subsidiaries, PHL and Tees Valley Lithium Ltd (\"TVL\"), is to produce a high value, low carbon intermediate lithium sulphate product in Australia for onward processing in the UK into a premium battery grade product, for sale to Tier 1 customers in the fast growing premium European market.\nPHL is developing a stand-alone merchant lithium sulphate refinery at the Boodarie SIA located just south of the proposed new Lumsden Point Critical Minerals Wharf in Port Hedland, the world's largest ex...