RCS - Alkemy Capital Invs. - Australia’s first Lithium Sulphate Plant

Alkemy Capital InvestmentsAnnouncement

01/08/2023 10:00

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RNS Number : 9080H  Alkemy Capital Investments PLC  01 August 2023

 

 

 

1 August 2023

 

Alkemy Capital Investments Plc

 

Wave International Hosts Alkemy for Western Australia Site Visit To Progress
Lithium Sulphate Studies

 

 

Wave International, one of Australia's leading lithium refining engineers,
hosted Alkemy on a visit to Western Australia recently, as part of
the studies for Australia's first stand-alone Lithium Sulphate refinery to
be located at the Boodarie Strategic Industrial Area, just outside Port
Hedland, Australia's largest export port.

During the visit, Chairman Paul Atherley and Commercial Manager Alex Della
Bosca had the opportunity to view by air lithium the three
main refineries currently under construction in Western Australia, one of
which Wave has designed and engineered, to see how the
proposed Boodarie and Tees Valley UK refineries will compare.

 

The study is considering two trains at Boodarie. Each train will have the
capacity to process approximately 180,000 tonnes of spodumene concentrate SC6
into around 40,000 tonnes of low carbon Lithium Sulphate annually for export
via the nearby Lumsden Point Critical Minerals Wharf at Port Hedland.

 

At the Tees Valley Lithium refinery, located in the Wilton International
Chemical Park in the Teesside Freeport UK, the Lithium Sulphate will be
refined into 24,000 tonnes of battery-grade Lithium Hydroxide annually.

 

At full capacity, fed with Lithium Sulphate from the proposed two trains at
Boodarie, along with the proposed technical grade carbonate feedstock from
South America, Tees Valley Lithium is being designed to produce 96,000tpa
of battery-grade Lithium Hydroxide for the European and
international markets.

The first train at Wilton will be the next generation of the conventional
design deployed across the three Australian plants currently in development,
and will be powered by 100% certified green energy, becoming Europe's largest
low-carbon lithium refining solution.

Wave International CEO, Ryan Hanrahan commented: "Europe, the UK and the USA
all have ambitions for localisation of supply chains as far upstream as
possible, but do not have the fortune of Australia's geology.

 

Wave have been examining intermediary products for many years now, and this
approach offers unique opportunities for these countries to meet their
localisation goals. It also provides Australia an opportunity to ensure its
natural resources are deployed to all global markets, providing stability and
diversity to Australian producers.

The Port Hedland plant will provide direct access to these markets to current
operations and future discoveries."

 

A similar sentiment echoed by the Critical Minerals Association Australia:
"Shipping spodumene across the globe (and primarily to China) adds little to
the climate and responsible supply chain debate - spodumene is 95% waste.
Australia now needs to evolve past being China's quarry and diversify its
income sources to build a better future for all Australians."

 

TVL's Hydroxide plant is on track to begin production in 2025 and PHL's
Sulphate plant is scheduled to begin production in 2026.

 

 

 

 

Further information

 

For further information, please visit Alkemy's website:
www.alkemycapital.co.uk (http://www.alkemycapital.co.uk) or TVL's website
www.teesvalleylithium.co.uk (http://www.teesvalleylithium.co.uk) .

-Ends-

 Alkemy Capital Investments Plc  Tel: 0207 317 0636

                                 info@alkemycapital.co.uk (mailto:info@alkemycapital.co.uk)
 SI Capital Limited              Tel: 0148 341 3500
 VSA Capital Limited             Tel: 0203 005 5000

 

NOTES TO EDITORS

Alkemy is seeking to establish the world's leading independent and sustainable
lithium hydroxide production by developing state-of-the-art lithium sulphate
and lithium hydroxide facilities in Australia and the UK.

 

Alkemy, through its wholly owned subsidiary Tees Valley Lithium, has secured a
9.6 ha brownfields site with full planning permission at the Wilton
International Chemicals Park in Teesside, a major UK Freeport, to build the
UK's first and Europe's largest lithium hydroxide processing facility.

 

Tees Valley Lithium has completed a Class 4 Feasibility Study for its proposed
lithium hydroxide refinery which will process feedstock imported from
various sources to produce 96,000 tonnes of premium, low-carbon lithium
hydroxide annually, representing around 15% of Europe's projected demand.

 

Alkemy has also secured a 43 ha site near Port Hedland, Western Australia to
build a world-class sustainable lithium sulphate refinery that will provide
reliable feedstock for Tees Valley Lithium.

 

Forward Looking Statements

This news release contains forward‐looking information. The statements are
based on reasonable assumptions and expectations of management and Alkemy
provides no assurance that actual events will meet management's expectations.
In certain cases, forward‐looking information may be identified by such
terms as "anticipates", "believes", "could", "estimates", "expects", "may",
"shall", "will", or "would". Although Alkemy believes the expectations
expressed in such forward‐looking statements are based on reasonable
assumptions, such statements are not guarantees of future performance and
actual results or developments may differ materially from those projected. In
addition, factors that could cause actual events to differ materially from the
forward-looking information stated herein include any factors which affect
decisions as to how to develop the project, process the materials and exercise
the options in respect of the lease, which may include changes in market
conditions, changes in metal prices, general economic and political
conditions, environmental risks, and community and non-governmental actions.
Such factors will also affect whether Alkemy will ultimately receive the
benefits anticipated pursuant to relevant agreements. This list is not
exhaustive of the factors that may affect any of the forward‐looking
statements. These and other factors should be considered carefully and readers
should not place undue reliance on forward-looking information.

 

The Notification of Dealing Form provided in accordance with the requirements
of the Market Abuse Regulation in relation to the transaction listed above is
set out below.

 

 

 

 

 

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