“Execution of the binding MoU with Calix further cements the great relationship developing between the two companies. Our common goal – to further decarbonise lithium raw material supply chains, is both an important overall objective and a key deliverable for the value in future mid-stream products.”
Pilbara Minerals’ Managing Director and CEO, Ken Brinsden.
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.
“Our work with Pilbara Minerals continues on great footing with key terms now agreed on the JV to develop, demonstrate, and ultimately commercialise, a new, low carbon lithium salt production process. I look forward to the next phases of the project, namely execution of a formal JV agreement during Q3 2022, and front-end engineering and design leading to a final investment decision in early 2023”.
