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Exceptional Manna Drilling Results Include 24m @ 1.03% Li2o
August 09, 2022
SIGNIFICANT EXTENSION TO RESOURCE ALONG STRIKE AND DOWN DIP
Growing multi-asset West Australian lithium company Global Lithium Resources Limited (ASX: GL1, “Global Lithium” or “the Company”) is pleased to announce that the Reverse Circulation (RC) drilling program at the Manna Lithium Project has returned the largest single intercept of a Lithium Bearing Pegmatite in the project’s history.
Key Highlights
- RC drilling assay results returned from Manna include the largest single interval to date
- MRC0048 returned individual intercepts of:
- 24m @ 1.03% Li2O from 159m
- Including
- 11m @ 1.37% Li2O from 164m
- 6m @ 1.27% Li2O from 177m
- Significant lithium intervals returned 220m North of existing resource outline include:
- MRC0043 returned individual intercepts of:
- 7m @ 1.60% Li2O from 39m
- 3m @ 1.86% Li2O from 53m
- 1m @ 2.25% Li2O from 90m
- MRC0044 returned individual intercepts of:
- 9m @ 1.32% Li2O from 101m
- 10m @ 1.45% Li2O from 174m
- MRC0046 returned individual intercepts of:
- 7m @ 1.41% Li2O from 163m
- 4m @ 1.54% Li2O from 213m
- 6m @ 1.57% Li2O from 232m
- Updated Manna Mineral Resource Estimate anticipated Q4 2022
In addition to this notable achievement, further significant lithium assay results were returned which extend the northern strike by 220m from the existing assay results.
Ongoing ground mapping of the north/eastern extension target area at Manna has identified large outcropping pegmatites 1,000m along strike from the current resource outline.
The RC drilling program is currently focused to drill out this extended area so that results can be included in the updated Mineral Resource Estimate (MRE), which the Company plans to release in Q4 2022.
An additional Program of Works (POW) has been submitted to the Mines Department to cover off the expanded exploration program.
The Manna Lithium Project hosts a maiden Inferred Mineral Resource of 9.9Mt @ 1.14% Li2O (100% basis)1. The Company anticipates releasing the update MRE following the completion of the drilling program as well as additional metallurgical test work in Q4 2022.
Global Lithium General Manager - Exploration, Stuart Peterson commented,
“The Manna project is continuing to impress with these exceptional results. The north/eastern extension of the deposit is proving to be very encouraging, and the RC drilling program has been targeted to drill this new area in time for inclusion in our updated MRE in Q4.
The diamond drilling program performed by Mt Magnet drilling has started night shift this week and is on target to finish the program in about 6 weeks. The core is currently being processed onsite and shipped to Perth ready for assay. The diamond drilling program has been designed to test the extension of the LCT pegmatites at depth as well as providing representative core for the upcoming metallurgical test work and feasibility studies.”
Click here for the full ASX Release
This article includes content from Global Lithium Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
GL1:AU
04 December 2024
Strategic Acquisition Consolidates Large Scale Gold and Base Metal Target Area
Acquisition of Octava Minerals’ Talga Project and Exploration Update
Established multi-asset Western Australian lithium company, Global Lithium Resources Limited (ASX: GL1, Global Lithium or the Company) is pleased to announce the acquisition of seven strategic tenements adjacent to the Company’s Marble Bar Gold Project to complete coverage of a large gold in soil geochemistry anomaly that is spatially associated with a highly altered granite (Figure 1).
Key Highlights
- Strategic, low-cost acquisition of the Talga Project from Octava Minerals (ASX: OCT) for $200,000 cash and $200,000 in Global Lithium Resources (ASX: GL1) ordinary shares based on the 5-day VWAP prior to completion.
- Aligns with GL1’s prudent cost management and value-accretive strategy to assess non-lithium mineral prospectivity across its largely unexplored portfolio of tenements.
- Consolidation of a 12km trend of gold in soil geochemical anomalies on the northwestern margin of the Mt Edgar Batholith.
- Identification of a potential porphyry/Intrusion related Cu-Au mineralised system associated with a finger of the Coppin Gap Granodiorite, which is the interpreted source of the Archean Spinifex Ridge Mo-Cu-Ag Porphyry Deposit, located 20km away.
- Increased recent corporate activity relating to Pilbara gold project development with Creasy Group acquiring nearby Calidus Resources (ASX: CAI) and Northern Star’s (ASX: NST) announced intention to acquire De Grey Mining (ASX: DEG).
- Process commenced seeking partners to accelerate and fund further exploration, along with previously announced Exploration Incentive Scheme (EIS) grant funding.
Global Lithium Executive Chairman, Ron Mitchell, said the Talga Project acquisition provided a low-risk, cost efficient opportunity for the Company to expand its exposure to gold and base metals within a highly prospective region.
“There is no better time for Global Lithium to consolidate and investigate the prospectivity of Talga alongside our existing Marble Bar tenements. Interest in the region is high and market conditions for gold and base metals are very favourable.
The Manna Lithium Project remains our number one priority; however, we look forward to leveraging our in-house capabilities and external partners to unlock value from these additional tenements while the lithium market is facing near term challenges. Any future upside from the exploration work at Marble Bar will, inevitably, benefit our Manna Project and all Global Lithium shareholders.”
Since listing on the ASX in 2021, GL1 has held the Twin Veins gold prospect area at the northern end of its Marble Bar tenement package which currently comprises land area of 537km2. Several small-scale exploration campaigns have previously tested vein-hosted gold trends near the margin of granite and have returned positive gold results, warranting further exploration.
These previously reported results include;
- MBRC0619, 4m @ 4.85g/t Au from 86m1
- MBRC0621, 5m @ 3.94g/t Au from 118m1
- MBRC0623, 3m @ 8.9g/t Au from 49m1
- MBRC0159, 7m @ 4.78g/t Au from 11m2
- MBRC0157, 12m @ 2.95g/t Au from 37m3
- MBRC0006, 3m @ 5g/t Au from 25m3
Review of the prospect area by the Company’s geologists led to the identification of a sericite altered core to the granite with iron oxide pitting and minor quartz veins. A Dipole-Dipole Induced Polarisation (DDIP) survey was executed over the granite identifying a large chargeable anomaly within resistive granite, and several RC holes were drilled targeting this. Disseminated pyrite (~1%) within intensely sericite altered granite was intersected with the only significant gold result being reported in a 4m composite sample from MBRC0608 (4m @ 0.53g/t Au, 16.9g/t Ag from 220-224m)1.
GL1 has re-assayed the 1m samples from and around this intersection with a result of 5m @ 1.1g/t Au, 15g/t Ag, 0.3% Pb, 0.23% Zn from 219-224m. MBRC0608 also intersected elevated copper with an intercept of 40m @ 137ppm Cu from 156-196m against a background value of 10ppm Cu in other less altered areas of the granite. This zone also returned 36m @ 4.8g/t Ag from 164-200m.
To better understand the system two diamond drill holes, MWDD001 and MWDD002, were completed with the aim of better visualising the alteration, any mineralisation, and provide samples for petrological study. Hole MWDD001 was drilled underneath the altered core of the granite while MWDD002 was successful in intersecting the altered core as well as minor mineralisation.
Click here for the full ASX Release
This article includes content from Global Lithium Resources Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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24 October 2022
Quarterly Report: Ending 30 September 2022
Breaker Resources (ASX: BRB) is pleased to present its Quarterly Report.
Key Highlights
Lake Roe Gold Project (100%)
- The underground development strategy advances with completion of the Tura underground scoping study as one of several underground prospects – stage 1 could produce 88,000oz at cash cost of A$1,087/oz and total cost of A$1,390/oz.1
- Infill drill holes at Tura aimed at increasing the JORC categorisation continue with the latest holes drilled during the quarter returning more high-grade gold intercepts2, including:
- •5.0m @ 6.35g/t within 10.0m @ 3.43g/t from 108.6m in BBDD0146;
- •3.58m @ 10.58g/t within 10.4m @ 3.94g/t from 349m in BBDD0144.
- Three diamond rigs are onsite drilling on dayshift only with a focus on increasing the Indicated component of the underground resource at Tura and the northern flat lodes.
- Underground geotechnical study commissioned, while heritage and permitting work advances.
Manna Lithium Project (20%)
- GL1 continues to drill at Manna with drill results returning good intercepts of spodumene to 150m depth in the initial discovery area.3
- Breaker divested its remaining shareholding in GL1 at $2.066 net per share banking $15.02M.4
- Breaker retains its 20% interest, which is free carried through to positive bankable feasibility study, and other milestone payments of $20m over time.
Ularring Gold-Copper & Nickel-PGE Project (100%)
- Work permits and access agreements finalised over some of the Ularring tenements. POWs also granted over the tenement, targeting Ni-PGE and Cu-Au mineralisation.
- Drilling of four diamond drill holes targeting Nickel – Copper – Platinum metals should commence by the end of October. The drill program is co-funded by the government’s industry Exploration Incentive Scheme (EIS).
Corporate
- Lisa Wynne appointed CFO & Company Secretary on July 1, 20225
- Cash increased to $23.3M during the quarter.
- Subsequent to the end of the quarter, Managing Director Tom Sanders departed the company and has resigned from the Board. The Group’s Non-executive Chairman, Peter Cook has stepped into an interim CEO role with a planned recruitment and selection process to take place.
Lake Roe Gold Project (100%)
The Lake Roe Gold Project (“LRGP”) is located 100km east of Kalgoorlie. Breaker provided an updated resource estimate for the LRGP on December 20, 2021 estimating a total mineral resource of 1.7 million ounces (32 million tonnes at 1.6g/t Au). There are three main components to the overall resource:
1.The Bombora Prospect (containing 1.5 million oz of gold)
2.The Claypan Prospect (containing 132,000oz of gold)
3.The Kopai-Crescent Prospect (containing 69,000oz of gold)
The resource estimate was prepared and signed off by expert industry consultants, Snowden Optiro.
In April 2022, the company commenced initial open pit optimisations applying the currently available best estimates of input costs. Whilst multiple mining options presented, pit shell 41 was chosen as optimum. This scenario gave a potential pit shell to 215m depth and contained 8.4 million tonnes at 1.6g/t Au for ~427,000oz mined2 (refer Figure 1 for diagrammatic long section) at an estimated waste:ore ratio (Strip ratio) of 12.5:1.
A second conceptual pit shell (shell 74) was analysed at a revenue factor of 1.66 to determine reasonable prospects for eventual economic extraction. This shell contained 17 million tonnes at 1.4 g/t containing 764,000 ounces and a strip ratio of 17.4:1.
An underground mining study for the extraction of mineralisation below shell 74 was commissioned. This work would initially be for the Tura lode (completed) and then the ‘Northern Flats’ lodes (pending).
Click here for the full ASX Release
This article includes content from Breaker Resources NL, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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31 January
Quarterly Activities Report for Period Ending 31 December 2024
Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide its Activities Report for the quarter ending on 31 December 2024 (“the Quarter”).
Highlights
- Completion of the Strategic Investment from Hebang Biotechnology (Hong Kong) Investment Limited
- Lodgement of a Revised Mine Management Plan (MMP) for Wonarah DSO Operations
- Completion of Dry Season Ecology Survey at Wonarah
- Development Pathway - Wonarah Project
- Commencement of regional Aeromagnetic Survey at Jundee South
Completion of the Strategic Investment from Hebang
During the Quarter, Avenira completed the Strategic 2 Tranche Investment from its largest shareholder Hebang Biotechnology (Hong Kong) Investment Limited (“Hebang”), being a wholly- owned subsidiary of Sichuan Hebang Biotechnology Limited (SHSE:603077) (“Sichuan Hebang”)1. The investment comprised:
- A$4.5 million 2-tranche Placement at an issue price of A$0.006 per new share, with Tranche 2 subject to shareholder approval and any other required regulatory approvals.
- Tranche 1 Placement (“Tranche 1”): A$1.7 million through the issue of 285,000,000 shares, at an issue price of $0.006 per new share (completed in August 2024).
- Tranche 2 placement (“Tranche 2”): A$2.79 million through the issue of 465,000,000 shares at an issue price of $0.006 per new share, approved by shareholders on 29 November 2024
As of the end of the quarter, funds received from Tranche 2 had been used to repay a $2.79m unsecured loan facility from Hebang.
Click here for the full ASX Release
This article includes content from Avenira Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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31 January
Quarterly Activities and Cash Flow Report
Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to present this Quarterly Activities Report for the quarter ended 31 December 2024, as well as activities up to the date of this release.
Highlights
- Phase 1 operational works at HMW continue, with Galan being one of a few lithium companies in a position to move towards production due to the low- cost, high-grade nature of the project
- Approximately 7,900 inventory LCE tonnes in the evaporation ponds. Lithium grades, flow and evaporation rates in line with Phase 1 DFS
- Phase 2 HMW Mining Permit granted, securing the pathway for Galan’s continued development at HMW at an efficient commercial scale up to 21,000 tpa LCE
- Independent benchmarking highlights HMW as being within the first quartile of the lithium industry AISC cost curve (1)
- Candelas Mineral Resource upgrade provides Galan with total resources of 9.5 Mt LCE
- Galan now placed within the global top 10 of lithium construction and production projects (by LCE mineral resource)(2)
- Cash and liquid assets of A$3.6m at the end of the quarter. Chemphys placement funds of US$3 million received in January 2025; financing and offtake discussions progressing
Galan’s focus remains on its ongoing operational works at, and funding solutions for, the Company’s 100% owned Hombre Muerto West (HMW) lithium brine project in the Catamarca Province of Argentina.
The Company continues its phased development strategy at HMW and continues to work towards first production as a priority.
Commenting on the update, Galan’s Managing Director, Juan Pablo (JP) Vargas de la Vega, said:
“The 2025 year has started very positively for Galan as we continue to move towards initial Phase 1 production at HMW. With significant operational progress having already been made at the project, our focus is on securing the required offtake and funding to put HMW into production. The finalisation of the US$3m placement to Chemphys provides the runway to get to this point.
At Candelas we have been able to announce an increased Mineral Resource Estimate, which now places our HMW assets, by resource, in the top ten lithium construction and production projects globally.
To achieve all this at a time when the lithium industry world-wide is facing considerable headwinds and where other projects are stalled or being wound back is testament to the quality of HMW and its high- grade, low-cost resource. We are looking forward to the rest of 2025 with considerable enthusiasm.”
Click here for the full ASX Release
This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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30 January
Quarterly Activities and Cashflow Report for the quarter ended 31 December 2024
White Cliff Minerals Limited (“WCN” or the “Company”) has announced Quarterly Activities and Cashflow Report for the quarter ended 31 December 2024.
HIGHLIGHTS
- Acquired the granted exploration licence L-2797 (“License”) which lies within the broader Rae Copper region, Nunavut, Canada and covers the historical Danvers copper deposit (“Danvers”). Acquisition of this licence bolsters the already impressive and prospective Rae Copper Project portfolio.
- Heli supported maiden field sampling and reconnaissance programme that focused on priority areas close to existing and established infrastructure at Rae and Great Bear projects delivers extraordinary rock chip assay results across both.
- During of the quarter, the Company successfully raised $5m (before costs) cornerstoned by the Company’s strategic advisor, Mr John Hancock, at a premium ($0.025) of 8.5% to the preceding 15-day VWAP.
- Post quarter end, the Company received approvals from the Nunavut Impact Review Board, its Class A Land Use Permit granted by the Crown-Indigenous Relations and Northern Affairs, and Class B Water Licence from the Nunavut Water Board. Receipt of these approvals provides the Company with all required permits for its maiden drilling program scheduled to commence in March 2025.
- Aurora Geosciences, experts in northern exploration, geology, and geophysics have been contracted to support the maiden drilling campaign at Rae in March 2025.
Danvers Copper Deposit
- Highlights from the 1960’s resource drilling included:
- 39.40m @ 4.9% Cu from 60.3m (S-57)
- 47.10m @ 3.2% Cu from 42.2m (S-24)
- 35.40m @ 3.2% Cu from 21.0m (S-21)
- 27.5m @ 4.0% Cu from 76.7m (S-63)
- 38.1m @ 2.8% Cu from 63.4m (S-73)
- 31.4m @ 3.3% Cu from 15.2m (S-20)
- 44.8m @ 2.2% Cu from 55.8m (S-18)
- Follow up drilling in 2003 & 2005 focused mainly on expanding the known mineralised envelope which starts at surface and has dimensions of approximately 550m(L) x 200m(W) x 150m(D). Results confirmed mineralisation remains open in all directions presenting potential for further exploration success, highlights include:
- 72.70m @ 1.6% Cu from 27m (2003-47-2)
- 56.39m @ 1.5% Cu from 47m (2003-47-1)
- 98.05m @ 0.9% Cu from 66m (2003-47-3)
- 52.88m @ 1.2% Cu from 177m (2005-47-7)
- The previously reported work and studies undertaken on the Licence will be verified by the Company as quickly as reasonably possible, with proposed work focused on drilling being planned for 2025.
Click here for the full ASX Release
This article includes content from White Cliff Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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29 January
Rae Copper Project fully permitted for drilling
Hulk and Danvers targets will be priority as part of the maiden campaign
White Cliff Minerals Limited (“WCN” or the “Company”) is pleased to announce that its Rae Copper Project, Nunavut (the “Project”) has now received the remaining permits and approvals required to commence drilling activities. The maiden drilling campaign will follow up high priority targets that were generated during the successful field campaign at the Rae Copper Project during 2024, where copper rock chips returned remarkable assays, with results exceeding 60% Copper (refer to announcements dated 4 October and 14 October 2024).
- Type B Water Licence issued by the Nunavut Water Board allowing activities to occur for an initial period of seven (7) years
- The Rae Copper Project is now fully permitted allowing drilling activities to commence during March 2025
- Updates on drill targeting, contractor selection, and mobilisation will be provided in the coming weeks
“It is pleasing to see the approval from the Nunavut Water Board occur so swiftly, and some four or so weeks ahead of our planned schedule. The Rae Copper Project is now fully permitted with drilling activities planned to commence during March.
Our initial campaign will focus on targets within the highly prospective Hulk Sedimentary prospect and the Danvers project area. Over the coming weeks, we aim to finalise contractor selection and settle plans for priority target holes.
This is a significant milestone for the Company, with drilling activities now fully approved. I’d like to take this time to acknowledge the greater White Cliff team and our partners; this milestone, achieved in such a swift fashion is remarkable. I can’t wait to safely and successfully execute this upcoming drilling campaign and I look forward to sharing updates about our progress as we award drilling contracts and mobilisation activities commence towards the Rae Site!”
Troy Whittaker - Managing Director
Click here for the full ASX Release
This article includes content from White Cliff Minerals Limited, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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29 January
Galan’s Mineral Resources grow to 9.5 Mt LCE
Galan Lithium Limited (ASX: GLN) (Galan or the Company) is pleased to announce a material increase in its JORC (2012) Mineral Resource estimate for its 100% owned Candelas Project (Candelas or the Project) located in the Catamarca Province, Argentina. Galan engaged SRK Consulting (Australasia) Pty Ltd (SRK) to update the Mineral Resource Estimate (MRE) of Lithium Carbonate Equivalent (LCE) and potassium chloride equivalent (KCl).
- 100% owned Candelas Mineral Resource grows by more than 150% to 1.6Mt LCE.
- Galan’s Hombre Muerto resource position (9.5 Mt LCE) places it within the top 10 of lithium construction and production projects globally (1)
- Material increase at Candelas provides greater optionality in commercialising the Project
- Significant upside potential also identified to further enhance the latest Candelas Mineral Resource
In late 2024, Galan completed surface mapping and undertook additional geophysics over Candelas and its surrounding environs. Based on this additional geoscience data, SRK remodelled the hydrogeological domains and re-estimated mineral resources for lithium, potassium, LCE, and KCl (potash), leading to the material increase in the Candelas MRE Estimate (Table 1).
Managing Director, Juan Pablo (JP) Vargas de la Vega, commented:
“Applying sound geoscientific knowledge and modern exploration techniques to a world-class lithium resource has continued to deliver outstanding results for Galan. We identified the potential to add significant value-accretive LCE tonnes at Candelas on a very modest budget and have delivered on that opportunity.
On behalf of the Board and myself, I would like to thank our team and our consultants. With this material resource growth, Galan now sits within the top 10 lithium production and construction projects, by Mineral Resource, which is an unbelievable achievement from our maiden resource generated in 2019.
Our resources are focused on finalising the Phase 1 financing and offtake process followed by completion of the Phase 1 construction and operations at HMW.”
Click here for the full ASX Release
This article includes content from Galan Lithium, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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28 January
Strategy Update and Cost Restructure
Livium Ltd (ASX: LIT) ("Livium" or the "Company") wishes to provide a strategic update in response to progress that had been made to shift our various technologies to important inflection points for growth. Livium’s strategy is now focussed on strategic partnering initiatives which will facilitate the ongoing growth and development of the Company’s technologies. With a more focussed set of actions, a review of the business has been undertaken to explore options to reduce costs.
HIGHLIGHTS
- Strategic focus on scaling Envirostream, the Battery Recycling division, due to the potential of increased recycling volumes and cashflows over the years ahead
- Battery Recycling: Continued safe operations, growing volumes and operating profits, and seek partners to scale operations in line with the expected waste outlook
- Livium is well advanced on the near-term commercialisation pathways of its other technologies:
- Battery Materials: Defined pathway for development of an Australian LFP demonstration plant with funding to be secured directly into VSPC from strategic partners
- Lithium Chemicals: Complete JDA activities with MinRes, including assessment of alternate commercialisation pathways and selection of the preferred lithium product
- Restructuring of the organisation and cost reductions being undertaken with estimated annual ongoing savings of A$1.5m
Comment regarding the strategic update from Livium CEO and Managing Director, Simon Linge
"We have advanced our strategy to inflection points, with the next phases of growth for each division requiring strategic partners to underpin their growth and development. With a focus on strategic growth partners, we have reviewed our resourcing and made the decision to restructure our organisation and reduce costs.
Livium remains committed to delivering returns for shareholders. Whilst organisational changes may impact our ability to react to opportunities, right sizing the organisation assists in resetting the Company's cost base to become sustainable over this critical period."
NEAR TERM PLANS
The following activities have been identified as key to delivering value in the near term:
- Battery Recycling: Continued safe operations, growing end-of-life volumes, and seeking partners to scale operations in line with the expected waste outlook and to expand into related services
- Battery Materials: Secure funding for an Australian LFP demonstration plant from government and private strategic partners, who will invest directly into VSPC
- Lithium Chemicals: Complete JDA activities with MinRes, including assessment of alternate commercialisation pathways and selection of the preferred lithium product
- Corporate: Complete implementation of organisation restructure and other cost saving initiatives.
BATTERY RECYCLING GROWTH OUTLOOK
The Battery Recycling division generates revenue today, is the largest recycler of lithium-ion batteries in the country, draws on our technical expertise to provide value-added services and has strong commercial relationships. Strategic focus is being placed on Battery Recycling, through Envirostream, due to the potential of increased recycling volumes over the coming years.
During CY2024, Envirostream successfully increased volumes of EV' andESS2 with most of the volume being received under exclusive customer arrangements. Over CY2024, Envirostream collected 736k tonnes of large format batteries and it is estimated that there are five times these volumes available today which are increasingly expected to be recycled due to consumer demand and government regulation. In their Battery Market Analysis, B-cycle show how EV and ESS batteries are expected to dominate3.
Figure 1. EOL Battery Projections by Market Segment3
Focusing on only EV / ESS for the balance of the decade demonstrates the near-term opportunity for Envirostream collections growth relative to current performance.
Figure 2. 5-Year EV and ESS EOL Battery Projections3
The near-term outlook for Envirostream is positive, enabling increases of volumes collected and processed, and providing an opportunity to expand our service offerings in line with market requirements.
To accommodate expectations of market growth, the business intends to explore deploying growth capital to improve operating efficiencies and expand capacity. The company has appointed advisors to coordinate discussions around partnership and growth funding options, which includes both strategic partners and other financiers.
Click here for the full ASX Release
This article includes content from Livium Ltd, licensed for the purpose of publishing on Investing News Australia. This article does not constitute financial product advice. It is your responsibility to perform proper due diligence before acting upon any information provided here. Please refer to our full disclaimer here.
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