Home Search Top 10 Trends Watchlist Advertise Feedback Profile



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

Post image

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.

Story Continues.. after this ad because we need some dollarydoos



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.

Promote your business on our growing investor platform: Advertise With Us
Reply ... Share

L
Lykeshares 1y

#ASX:ASN Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?

Is Anson Resources’ US$330M Financing Deal the Key to Unlocking Utah’s Lithium Potential?
Reply
L
Lykeshares 1y

#ASX:AZL Could the Dawson Bay Formation Unlock Arizona Lithium’s Full Potential?

Could the Dawson Bay Formation Unlock Arizona Lithium’s Full Potential?
Reply
L
Lykeshares 1y

#ASX:CXO Is Core Lithium’s Finniss Project Poised for a Long-Term Comeback?

Is Core Lithium’s Finniss Project Poised for a Long-Term Comeback?
Reply
L
Lykeshares 1y

#ASX:ENR Can Encounter Resources’ West Arunta Project Become Australia’s Next Major Niobium Discovery?

Can Encounter Resources’ West Arunta Project Become Australia’s Next Major Niobium Discovery?
Reply
L
Lykeshares 1y

#ASX:RDN Can Raiden’s Latest Hires Unlock the Full Potential of the Andover Complex?

Can Raiden’s Latest Hires Unlock the Full Potential of the Andover Complex?
Reply
L
Lykeshares 1y

#ASX:RDN Can Raiden’s New Drilling Program Unlock High-Grade Lithium at Andover South?

Can Raiden’s New Drilling Program Unlock High-Grade Lithium at Andover South?
Reply

L
Lykeshares 1y

#ASX:ASN How Will Anson Resources' Green River Lithium Project Shape the Future of Sustainable Mining?

How Will Anson Resources' Green River Lithium Project Shape the Future of Sustainable Mining?
Reply