TIDMALK
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 or TVL's website
www.teesvalleylithium.co.uk .
-Ends-
Alkemy Capital Investments Plc Tel: 0207 317 0636
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.
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END
NRAPBMPTMTIMMLJ
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August 01, 2023 05:00 ET (09:00 GMT)
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