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Avenira to Develop Australia's First Battery Cathode Manufacturing Plant in Partnership with Aleees and the Northern Territory Government Avenira Limited

Avenira to Develop Australia's First Battery Cathode Manufacturing Plant in Partnership with Aleees and the Northern Territory Government

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Avenira Limited (ASX: AEV), a mineral exploration and development company, has announced the extension of its Memorandums of Understanding (MOUs) with Taiwanese battery material manufacturer Aleees and the Northern Territory Government of Australia. The MOUs outline a collaborative effort to establish and operate the Northern Territory's first battery cathode manufacturing plant in Darwin.

The partnership aims to achieve a Final Investment Decision (FID) on a pilot facility by early 2023. The pilot facility will have the capacity to produce up to 10,000 tonnes of lithium iron phosphate (LFP) battery cathode material per year. LFP is an essential active material used in electric vehicle and energy storage batteries, known for its superior safety, durability, and capacity.

Furthermore, the MOUs support the development of a larger facility in Darwin that will have a production capacity of up to 200,000 tonnes per annum over the next decade. This major facility will exclusively source phosphoric acid from Avenira's Wonarah Phosphate Project in the Barkly region of the Northern Territory.

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The Wonarah Phosphate Project is recognised as one of Australia's largest known phosphate deposits.

The project is anticipated to create approximately 1,000 jobs and generate over US$4 billion in annual revenue once fully operational. Additionally, it will position the Northern Territory as a significant player in the global electric vehicle battery sector and support its transition to renewable energy and achieving net-zero emissions.

The extension of the MOUs underscores the strong commitment and shared vision of Avenira, Aleees, and the Northern Territory Government to advance this strategic and economically promising opportunity for the Territory and the broader Australian market.

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