Business
MOU on process to unlock major Lithium feedstock
MOU on process to unlock major Lithium feedstock.
About this update from Alkemy Capital Investments Plc
[{"type":"text","content":"\n\n \n12 May 2023\n \nAlkemy Capital Investments Plc\n \nMOU with lithium technology company to unlock a major new source of lithium feedstock\n \nAlkemy Capital Investments plc (\"Alkemy\") (ALK:LSE) (JV2:FRA) is pleased to announce that its wholly-owned subsidiary Port Hedland Lithium Pty Ltd (\"PHL\") has executed a Memorandum of Understanding (\"MOU\") with Lithium Services Pty Ltd (\"LIS\"), a world leading lithium engineering and technology company, to explore the development of a merchant lithium refinery located at Port Hedland dedicated to the processing of spodumene fines and tailings - a major new source of lithium feedstock.\n \nHIGHLIGHTS\n \n· Australia is the world's largest producer of lithium however many mines are suffering significant losses during spodumene concentrate production with up to 45% of the lithium contained being lost to tailings.\n \n· PHL and LIS are looking to develop a merchant lithium refinery at Port Hedland which, based on a proven fines processing technology, will provide miners with the opportunity to recover lithium from fines materials which would otherwise be lost to tailings.\n \n· The refinery, located at the Boodarie Strategic Industrial Area, will offer spodumene producers a refining solution for lithium tailings and other fines material with direct access to the premium European battery market.\n \n· The scoping study will proceed in parallel with the engineering and approvals work currently underway for the first train of the Port Hedland lithium sulphate refinery.\n \n \nSam Quinn, Director of Alkemy commented: \n \n\"We are delighted to be working with LIS, a world leading lithium engineering and technology company, to examine this exciting opportunity to develop new lithium processing solutions for miners in Australia.\"\n \n\"There are major yield losses during spodumene concentrate production, with significant volumes of lithium units ending up in mine tailings. This represents a significant challenge for miners from an economic and sustainability perspective, and both PHL and LIS believe there is a major opportunity to provide unique merchant lithium refining solutions for miners to improve their mine economics, diversify their reven...