Lycopodium to carry out pre-feasibility study for 600ktpa battery minerals refinery in Townsville

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Queensland Pacific Metals (QPM), a wholly owned subsidiary of Australian exploration company Pure Minerals Limited, has appointed Lycopodium Minerals as the lead engineering company to undertake the pre-feasibility study for its planned 600ktpa battery minerals refinery in Townsville.

Named the Townsville Energy Chemicals Hub (TECH project), the planned battery minerals refinery will produce nickel and cobalt sulphate chemicals required for the battery energy storage sector.

Lycopodium Minerals Managing Director Rod Leonard said the pre-feasibility study is expected to be completed in the September quarter of 2019.

“We are pleased to have been appointed to complete the key engineering work packages for the TECH Project Pre-Feasibility Study,” Mr Leonard continued.

“The outlook for battery metals is positive and Lycopodium is well positioned to carry out this body of work, having completed a wide range of studies for major, mid-tier and junior clients in this space.”

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QPM Director John Downie said Lycopodium is a highly regarded engineering company with excellent experience applicable to the TECH project.

“We are excited to work with Lycopodium on this {PFS and look forward to delivering a positive study demonstrating the potential value of the TECH project for PM1 shareholders,” he concluded.

Image credit: https://www.pureminerals.com.au/