Key commercial terms agreed for a Joint Venture following award of A$20 million Federal Government Modern Manufacturing Initiative Grant

NEXT STEPS

  • Parties intend to finalise and execute the formal Joint Venture Agreement in Q3 2022;
  • Market Samples – a continuous Pilot Testwork Programme to produce lithium phosphate samples for a detailed market engagement program will be undertaken to help inform the project of the likely marketability and selling price outcomes of the lithium phosphate salt product being produced;
  • FEED Studies – progression of FEED Studies will be carried out to support a final investment decision to move forward with developing the Demonstration Plant and following it successful validation for the commercialisation of the technology across industry globally; and
  • MMI grant execution – the Parties will liaise with the Australian Government to finalise the execution of the MMI grant funding.

 

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