Lithium Valley Main Report 2018
Perth-based vanadium miner Atlantic, now owned by Droxford International, is expected to complete a feasibility study into a restart of the former Windimurra vanadium project near Mt Magnet by mid-2018. With the backing of an Indonesian billionaire and the support of nine- year high vanadium prices, Atlantic executive director Tony Veitch said the company estimated it would cost about $150 million to bring the fully approved project back into production. “The reality is, there’s a global vanadium shortfall of about 4,000-5,000tpa and Windimurra’s nameplate capacity of 4,500tpa fits very nicely into that,” Mr Veitch said. 96 Additionally, Neometals is also considering a lithium hydroxide processing plant for its Mt Marion operation. Options for the plant are being explored, and locations include Kalgoorlie and Kwinana. A front-end engineering study (FEED) is currently underway with a final investment decision due before the end of 2018. 97
Note: Additional specific project and company information summarised in this report, including charts and graphs, are not disclosed where covered by confidentiality agreements.
96 McKinnon, S (2018), “Vanadium price boom offers hope of Windimurra revival”, 03 April 2018, The West Austra- lian , https://thewest.com.au/business/mining/vanadium-price-boom-offers-hope-of-windimurra-revival-ng-b88792684z . (Accessed: 01 May 2018) 97 Battern, K (2018), “WA poised for downstream battery boom”, 10 January 2018, MiningNews.net http://www. miningnews.net/insight/feature-stories/wa-poised-for-downstream-battery-boom/ . (Accessed: 01 May 2018)
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