TIDMALK
RNS Number : 0182M
Alkemy Capital Investments PLC
09 January 2023
9 January 2023
Alkemy Capital Investments Plc
Alkemy secures allocation of land for its Port Hedland Lithium
Sulphate Refinery
Alkemy Capital Investments plc ("Alkemy") (ALK:LSE) (JV2:FRA) is
pleased to advise that the Minister for State Development has
announced that the Western Australian Government's Industrial Lands
Panel (" ILP ") has allocated an area of approximately 43.7
hectares within the Boodarie Strategic Industrial Area to Alkemy's
wholly-owned subsidiary Tees Valley Lithium Ltd (" TVL ") for the
construction of its Port Hedland Lithium Sulphate refinery.
HIGHLIGHTS
-- Tees Valley Lithium has been allocated land to build a
Lithium Sulphate (LSM) refinery at Boodarie at Port Hedland,
Western Australia the largest bulk export port in the world and the
largest container port in Australia.
-- Tees Valley Lithium has been allocated land along with BP,
POSCO, Fortescue Metals and Alinta Energy with the aim of making
Boodarie part of an A$70 billion globally competitive Pilbara green
industrial precinct.
-- The Port Hedland LSM refinery will offer Australian spodumene
producers a significant mid-stream processing option with direct
access to the premium European battery market.
Alkemy and TVL Director Sam Quinn commented:
"We are delighted to announce that TVL has secured an allocation
of land at the new Boodarie Strategic Industrial Area, alongside
other global leaders in the green industrial sector, to facilitate
the development of the Port Hedland LSM refinery.
Building the Port Hedland LSM refinery will provide Australian
spodumene producers with a complete mid-stream lithium refining
solution with direct access to the European market through TVL's
Lithium Hydroxide refinery at the Wilton International Chemicals
Park in Teesside, UK.
This new Pilbara to Teesside supply chain will embody the new
critical minerals supply chains possible under the recently signed
free trade agreement between Australia and the UK and leverage the
competitive strengths of Australia in mining and critical minerals
processing and the UK in chemical refining.
Importantly, the Port Hedland LSM refinery will bring major
value-adding to the Pilbara region, with significant multiplier
benefits for the local community and the State of Western
Australia, whilst reducing the carbon footprint of the end-to-end
lithium battery cell supply chain to meet new European emissions
standards."
TVL announced a plan to build an LSM refinery at Port Hedland in
the Pilbara region of Western Australia in August 2022 after
initial discussions with the relevant Western Australian Government
agencies.
Those discussions led to a formal application to the Department
of Jobs, Tourism, Science and Innovation (" JTSI ") and
DevelopmentWA for an allocation of land at the Boodarie Strategic
Industrial Area (" SIA "), located approximately 12 kilometres
south-west of Port Hedland.
Following the formal application, JTSI and DevelopmentWA
reviewed the Port Hedland LSM refinery project proposal and
prepared a recommendation for consideration by the ILP, which is
made up of the Minister for State Development, Jobs and Trade and
the Minister for Lands.
Following that review process, the ILP has now agreed to
allocate an area of approximately 43.7 hectares within the Boodarie
SIA to TVL to progress the Port Hedland LSM refinery project
towards a final investment decision.
TVL has been incuded as part of a select group of five companies
allocated land at the Boodarie SIA, including BP, POSCO, Fortescue
Metals and Alinta Energy, with the aim of making Boodarie SIA part
of an A$70 billion globally competitive Pilbara green industrial
precinct.
The land allocated by the ILP is the location applied for by TVL
for the Port Hedland LSM refinery.
The Boodarie SIA is an optimal site for an LSM refinery for a
number of reasons:
-- Proximity to existing and planned spodumene producers in the Pilbara;
-- Well located for the import of spodumene production from
other parts of Australia for conversion to primary LSM prior to
export to the UK;
-- Access to critical infrastructure, including skilled labour,
the Great Northern Highway, the 210MW Alinta gas fired power
station operating in the Boodarie SIA, existing gas pipeline
infrastructure, existing water pipeline infrastructure and
telecommunications (refer Figure 1 below);
-- Adjacent to the world's largest bulk export port and
Australia's largest container port at Port Hedland; and
-- Ability to source renewable energy and energy storage from
new developments planned in the region, delivering low carbon
energy sources for the new LSM plant.
Figure 1 - Boodarie Strategic Industrial Area Overview To view
the image, click on the following link:
https://www.alkemycapital.co.uk/images/2023/Boodarie_Strategic_Industrial_Area_Overview.jpg
TVL will now commence discussions with DevelopmentWA regarding
the terms of an option to lease the site at Boodarie as well as the
precise footprint within the land allocated by the ILP. This option
to lease is expected to be signed in the first half of 2023.
Downstream processing of Australian critical mineral production
is a key focus of the Australian Federal Government and the Western
Australian State Government and TVL is extremely appreciative of
the support shown by the Western Australian Government Ministers
and their agencies for the Port Hedland LSM refinery project.
Train 1 of the Port Hedland LSM refinery is set to process
spodumene from Australian lithium miners to produce 40,000 tpa of
primary LSM, with Trains 2-4 adding a further 120,000 tpa primary
LSM production in future expansions.
Construction of Train 1 of TVL's LHM processing facility at the
Wilton International Chemicals Park in Teesside, UK, the first of 4
trains planned for the site, is due to commence in 2023.
Initial production of 24,000 tpa of battery-grade LHM is planned
for 2025. Once completed, all 4 trains will produce a total of
96,000 tpa LHM, representing around 15% of Europe's projected
demand by 2030.
The Port Hedland LSM plant, together with TVL's planned LHM
processing facility at the Wilton International Chemicals Park in
Teesside, UK, will deliver a low carbon, de-risked lithium supply
chain between Australian spodumene producers and the burgeoning
European lithium battery cell market.
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
Sam Quinn info@alkemycapital.co.uk
VSA Capital Limited Tel: 0203 005 5000
Andrew Monk (Corporate Broking)
Andrew Raca (Corporate Finance)
Shard Capital Partners LLP Tel: 0207 186 9952
Damon Heath damon.heath@shardcapital.com
Tel: 0207 186 9927
Isabella Pierre isabella.pierre@shardcapital.com
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 located in Teesside, a
major UK Freeport to build Europe's first and largest Lithium
Hydroxide processing facility.
Alkemy has completed a Class 4 Feasibility Study for its
proposed lithium hydroxide facility 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.
The company has also secured a 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. Mining exploration and development
is an inherently risky business. In addition, factors that could
cause actual events to differ materially from the forward-looking
information stated herein include any factors which affect
decisions to pursue mineral exploration on the relevant property
and the ultimate exercise of option rights, 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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