OTCPK:SAVNF - Post by User
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ScandiumPoweron Jun 07, 2023 8:14am
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Post# 35483956
Is Savannah feeding Bondalti/Neometals JV in the future?
Is Savannah feeding Bondalti/Neometals JV in the future? This is a local option for refining lithium from Savannah 's spodumene?
Neometals Ltd has released the results of an Engineering Cost Study (ECS) for a lithium chloride brine conversion operation employing Reed Advanced Materials Pty Ltd’s (RAM) unique ELi™ electrolysis technology.
The ECS is based on a plant capable of producing 25,000 tpa of battery-grade lithium hydroxide monohydrate (LHM). ELi™ employs traditional purification methods and chlor-alkali electrolysis cells.
The ECS was co-funded under a binding Co-operation Agreement with Bondalti Chemicals S.A., Portugal’s largest chemical producer. The parties will co-fund pilot trial and assessment studies to propose forming a 50:50 incorporated joint venture (JVCo). JVCo intends to build and manage a 25,000 tpa lithium refinery at Bondalti’s vast chlor-alkali plants in Estarreja, Portugal (Estarreja Lithium Refinery or ELR). Neometals anticipates that the plant will be commissioned and operational in the first quarter of 2027
https://www.australianresources.com.au/portugal-lithium-refinery-study-confirms-step-change-opex-of-eli-technology/