Avenira extends agreements for upcoming LFP battery manufacturing facility in Darwin

Image credit: newsroom.nt.gov.au

Avenira, an ASX-listed battery cathode project developer, is extending its memorandum of agreements signed with Advanced Lithium Electrochemistry (Aleees) and the Northern Territory Government for the development of downstream manufacturing of Lithium Iron Phosphate (LFP) cathode material. 

In an announcement issued yesterday, 6 July, Avenira said it continues to pursue the LFP battery manufacturing project following the completion of a positive scoping study for the manufacturing plant, which demonstrated the strong economic and technical viability of the project. 

Avenira signed the agreement with global LFP pre-cursor battery cathode manufacturer Aleees to develop an LFP battery manufacturing plant in Darwin, Australia, leveraging Avenira’s flagship Wonarah Phosphate Project. 

Under the MOU signed on 22 September last year, Avenira, Aleees and the NT government will collaborate towards the development of the manufacturing facility, with the state government assisting and advising where appropriate in relation to necessary infrastructure, including water, energy, power, telecommunications, road, port, and rail access and service requirements. 

This agreement is being extended to 30 June 2024, continuing the provision of support for the completion of the next stage of studies. 

Avenira and Aleees signed an MOU on 26 September 2022, outlining Avenira’s plans to construct the LFP battery cathode manufacturing facility and source phosphoric acid feed from its Wonarah Phosphate project in the NT. 

Aleees granted licensing rights and certain development, operational, and management support. 

This agreement will be extended to 30 September 2023 to accelerate the completion of the long-form licensing agreement. 

“The extension of time in both MOU’s demonstrates the continuing support of the Northern Territory Government and Aleees with this significant LFP cathode project in Darwin,” said Brett Clark, Avenira’s chairman and chief executive officer.