Business
Interim Results for Period Ended 31 July 2023
Interim Results for Period Ended 31 July 2023.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n\n \n\n \n \nAlkemy Capital Investments Plc\n \nInterim Results for the Six Month Ended 31 July 2023\n \nAlkemy Capital Investments plc (\"Alkemy\" or the \"Company\") announces its unaudited financial statements for the 6 months ended 31 July 2023 (\"Financial Statements\").\n \nChairman's Statement\nI have great pleasure in presenting our interim results for the period ended 31 July 2023.\n \nKEY OPERATIONAL HIGHLIGHTS FOR THE PERIOD:\n \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 \n· Tees Valley Lithium shortlisted by a major OEM as the preferred European lithium refinery for portion of its lithium supply chain\n \n· Oversubscribed private placement and directors subscription\n \n· Grant funding secured from Innovate UK\n \n \nClass 4 Feasibility Study - Boodarie Lithium sulphate refinery\n \nIn August 2023, Alkemy's wholly-owned subsidiary Port Hedland Lithium Pty Ltd (\"PHL\") announced the completion of a Class 4 Feasibility Study for its lithium sulphate refinery at Boodarie, Port Hedland.\nThe Boodarie refinery has been designed to process spodumene concentrate from various potential Australian mines, producing a lithium sulphate monohydrate for Alkemy's wholly-owned subsidiary Tees Valley Lithium's (\"TVL\") Wilton refinery in the UK.\nPHL will develop 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 export port by volume, with established road and rail infrastructure connections to Western Australia's world-class hard-rock lithium resources.\nPowered by local renewable energy, each of the four proposed lithium sulphate trains at Boodarie will refine approximately 180,000 tpa of locally mined spodumene concentrate to produce 40,000 tpa of lithium sulphate, with lithium content equivalent to 24,000 tpa lithium hydroxide. It is anticipated that lithium sulphate produced by PHL will be processed further by TVL before sale to end customers, although PHL will retain flexibility to provide lithium sulphate to third parties should d...