Home Electromagnetic Lithium Australia Begins Global Strategic Battery Collaboration

Lithium Australia Begins Global Strategic Battery Collaboration

11
0

Lithium Australia has been admitted to the coveted Global Battery Alliance, an international collaboration between public and private organizations dedicated to ensuring the sustainability of the battery value chain. The company will now have direct access to experts and key players in the global battery recycling industry, further strengthening its aspirations to vertically integrate lithium mining, battery material production and battery recycling.

Founded in 2017, the Global Battery Alliance or “GBA” is made up of 70 groups seeking to accelerate the global adoption of batteries to reduce carbon emissions and reduce barriers to a circular battery economy.

German automaker Volkswagen, information technology giant Google, mining giant Glencore and the World Bank Group are just a few of the automakers, government groups, non-governmental organizations and academics forming the collaboration. GBA.

By 2030, batteries could deliver 30% of all reductions in carbon emissions in the transport and electricity sectors under the Paris Agreement, in addition to providing electricity to 600 million people worldwide, according to GBA.

The battery value chain is expected to be multiplied by 19 to meet such aspirations, requiring the development of a sustainable market framework to support growth, according to GBA.

According to Lithium Australia, membership in the GBA will enable it to advance its own environmental, social and governance or “ESG” goals, which are designed to ensure an ethical and sustainable supply of energetic metals to the battery industry.

Lithium Australia Managing Director Adrian Griffin said: “The company’s admission to the GBA reflects the ESG values ​​on which it has built its business model. The company and the GBA both have one central goal: to create an ethical, sustainable and circular battery economy. “

“Envirostream Australia Pty Ltd, a 90 percent owned subsidiary of the company, is Australia’s only combination battery recycler. It will directly benefit from the company’s membership in the GBA through the harmonization of cross-border regulations and access to experts and key players in the battery recycling industry on a global scale.

Mr Griffin said the acceleration in the use of lithium-ion batteries in electric vehicles and grid-wide energy storage has created a “A global challenge in terms of both the supply of battery materials and the recycling of batteries when they run out”.

He said VSPC Ltd, another subsidiary of Lithium Australia producing advanced cathode powders for lithium-ion batteries, would also benefit from the efforts of the GBA and its members.

Meanwhile, 60 km northeast of Perth in the Julimar district of Washington state, Lithium Australia and its joint venture partner Charger Metals are preparing to undertake a helicopter-borne electromagnetic study on their nickel project, from copper, cobalt and precious group elements of Coates.

Management says aerial electromagnetic surveys have been used successfully by other companies in the region to identify potential conductors for nickel sulfide mineralization.

Coates is approximately 20 km from Chalice Mining’s exciting Gonneville discovery, where a drill hole last year returned an exceptional 19m impact at 2.6% nickel, 1% copper, 8.4 grams per tonne of palladium and 1.1 g / t of platinum over 48 m.

Chalice says he has since identified 11 high-grade mineralized zones in an area of ​​1.8 km by 0.9 km, with another 24 km of direction to be drilled. Its stock price fell from less than 20c before the discovery to $ 9.34 recently.

Lithium Australia says Coates shows geological similarities to Chalice soil. He owns a 30 percent stake in Coates, with Charger holding the balance.

The electromagnetic survey is expected to be carried out next month.

Is Your ASX Listed Company Doing Something Interesting? Contact: [email protected]


Source link