1 August 2023

Alkemy Capital Investments Plc

Wave International Hosts Alkemy for Western Australia Site Visit To Progress Lithium Sulphate Studies

Wave International, one of Australia's leading lithium refining engineers, hosted Alkemy on a visit to Western Australia recently, as part of the studies for Australia's first stand-alone Lithium Sulphate refinery to be located at the Boodarie Strategic Industrial Area, just outside Port Hedland, Australia's largest export port.

During the visit, Chairman Paul Atherley and Commercial Manager Alex Della Bosca had the opportunity to view by air lithium the three main refineries currently under construction in Western Australia, one of which Wave has designed and engineered, to see how the proposed Boodarie and Tees Valley UK refineries will compare.

 
The study is considering two trains at Boodarie. Each train will have the capacity to process approximately 180,000 tonnes of spodumene concentrate SC6 into around 40,000 tonnes of low carbon Lithium Sulphate annually for export via the nearby Lumsden Point Critical Minerals Wharf at Port Hedland.

At the Tees Valley Lithium refinery, located in the Wilton International Chemical Park in the Teesside Freeport UK, the Lithium Sulphate will be refined into 24,000 tonnes of battery-grade Lithium Hydroxide annually.

 
At full capacity, fed with Lithium Sulphate from the proposed two trains at Boodarie, along with the proposed technical grade carbonate feedstock from South America, Tees Valley Lithium is being designed to produce 96,000tpa of battery-grade Lithium Hydroxide for the European and international markets.

The first train at Wilton will be the next generation of the conventional design deployed across the three Australian plants currently in development, and will be powered by 100% certified green energy, becoming Europe's largest low-carbon lithium refining solution.

Wave International CEO, Ryan Hanrahan commented: "Europe, the UK and the USA all have ambitions for localisation of supply chains as far upstream as possible, but do not have the fortune of Australia's geology.

Wave have been examining intermediary products for many years now, and this approach offers unique opportunities for these countries to meet their localisation goals. It also provides Australia an opportunity to ensure its natural resources are deployed to all global markets, providing stability and diversity to Australian producers.

The Port Hedland plant will provide direct access to these markets to current operations and future discoveries."

A similar sentiment echoed by the Critical Minerals Association Australia: "Shipping spodumene across the globe (and primarily to China) adds little to the climate and responsible supply chain debate - spodumene is 95% waste.  Australia now needs to evolve past being China's quarry and diversify its income sources to build a better future for all Australians."

TVL's Hydroxide plant is on track to begin production in 2025 and PHL's Sulphate plant is scheduled to begin production in 2026.

Further information

For further information, please visit Alkemy's website: www.alkemycapital.co.uk or TVL's website www.teesvalleylithium.co.uk.

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NOTES TO EDITORS

Alkemy is seeking to establish the world's leading independent and sustainable lithium hydroxide production by developing state-of-the-art lithium sulphate and lithium hydroxide facilities in Australia and the UK.

Alkemy, through its wholly owned subsidiary Tees Valley Lithium, has secured a 9.6 ha brownfields site with full planning permission at the Wilton International Chemicals Park in Teesside, a major UK Freeport, to build the UK's first and Europe's largest lithium hydroxide processing facility.

Tees Valley Lithium has completed a Class 4 Feasibility Study for its proposed lithium hydroxide refinery which will process feedstock imported from various sources to produce 96,000 tonnes of premium, low-carbon lithium hydroxide annually, representing around 15% of Europe's projected demand.

Alkemy has also secured a 43 ha site near Port Hedland, Western Australia to build a world-class sustainable lithium sulphate refinery that will provide reliable feedstock for Tees Valley Lithium.

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