NEWS
NON-FERROUS   Auto  

Australia’s Liontown flags lithium project potential

Australian lithium developer Liontown Resources has confirmed the potential for its Kathleen Valley project in Western Australia (WA) to become a significant open-pit lithium mine from 2024 before transitioning to underground operations later in its mine life.

A pre-feasibility study shows that the project can sustain a 26-year mine life from its maiden ore reserve of 50.4mn t, supporting processing of 2mn t/yr of ore for output of 295,000 t/yr of spodumene concentrate grading 1.2pc lithium oxide.

It is expected that the mineral resource of 74.9mn t — the fifth biggest in Australia — will be upgraded next year as part of a definitive feasibility study, which will also examine the value of by-product tantalite pentoxide production.

While 2019 has been a torrid year for lithium producers hit by a production glut and bottleneck in Chinese chemical conversion capacity, several analysts are calling a bottom in the market and forecasting firmer demand and prices as the electric vehicle (EV) era unfolds in the 2020s.

Kathleen Valley's development is being timed to benefit from the next wave of lithium demand that will coincide with all major automakers releasing ranges of EVs and phasing out fuel-only models.

The project has an estimated pre-production cost of A$240mn ($163mn) and a payback period of four years. Cash production costs are estimated at A$564/dry metric tonne (dmt), excluding tantalite credits. The initial open-pit mine is expected to lead to the integration of an underground operation to expand production and bring forward higher-grade material from an expanded mineral resource estimate.

"Kathleen Valley has all the ingredients to underpin a world-class battery metals business that we think will deliver substantial returns and value for our shareholders for decades to come," managing director David Richards said.

Liontown earlier this month declared a maiden mineral resource of 14.9mn t estimated to contain 144,530t of lithium oxide at its Buldania project, also in WA.

By Angus Macmillan

News No: 7698
Date: 2019/12/02 - 19:54
News Source: Argus Media

Australia  lithium  mineral  EV  electric vehicle 

Comments:

Leave a Comment:

   
   
   
 

Indonesia lowers projections for nickel and bauxite smelter construction by 30% due to investment shortfalls

The Energy and Mineral Resources Ministry of Indonesia has lowered its projections for nickel and bauxite smelter construction by 2022 due to shortfalls in investment. Indonesia’s government in September expedited the nickel ore export ban by two years to January 2020 from 2022 as part of its efforts to boost expansion of a local smelting industry.
 

5700t Closing Force - Italpresse Gauss builds Giant Die Casting Machine for premium Carmaker

Italpresse Gauss, the Italian leader in fully automated, digitally enabled die casting technology, is set to deliver the first toggle-free two-platen die casting machine with a closing force of 5700t.
 

FAO, ULRP Provide Iranian Experts with Advanced Skills on Evapotranspiration Mapping

As part of the “Integrated Programme for Sustainable Water Resources Management in the Urmia Lake Basin,” the Food and Agriculture Organization of the United Nations (FAO) and Urmia Lake Restoration Program (ULRP) held a 4-day workshop for Iranian experts, trained them on advanced methods to map evapotranspiration of agricultural areas using remote sensing satellite data.
 

World’s first commercial electric airplane takes off

The world's first commercial electric airplane took off in Vancouver, Canada, yesterday, signifying a key step forward in the development of electric aviation.
 

EU approves €3.2bn in state aid for battery project

The European Commission has approved €3.2bn ($3.54bn) in state aid for battery makers as part of a project to develop large-scale battery manufacturing in the EU.
 

China’s new energy vehicle sales slumped in November by 41.7% Y-o-Y

China’s new energy vehicle (NEV) sales in November fell year-on-year by 41.7 per cent to 79,000 units, as reported by the China Passenger Car Association (CPCA) on Monday, December 9. This marks the fifth consecutive month of decline in new energy vehicle sales since the sharp cut on NEV subsidies went into effect in late June.
Upcoming Events
Publications
 Mines & Metals

Mine & Business Today

 Scrap & Recycling

Ahangan

Our partners