Australia second emerging market lithium lithium bomb wa point

In addition to Talison, RIM, Australia Galaxy Resources three mature in production of lithium, there are a number of high level of development, even approaching lithium ore mines. The average grade and reserves of these lithium lithium is not inferior to the three in the production of lithium, they still need time to grow up, boost world lithium more diversified pattern, to help more enterprises to consolidate their own industrial chain. The Zhuo analyst will provide you with detailed introduction of these potential lithium.

1.Pilbara Minerals

Pilbara Minerals two years ago in Western Australia Pilbara Port Hedland 120 km south of the discovery of pegmatite spodumene ore, Pilgangoora project rapidly advancing exploration and development work, and has 100% of the project interest. The project is one of the pegmatite type has been found in the world's largest spodumene project, resources in the amount of 1.56 tons, the average grade of 1.25% lithium. Project design, spodumene mine processing capacity of 2 million tons / year, with an annual output of 6% tons of lithium concentrate 314 thousand tons. The two phase of the project will be expanded to 4 million tons / year. The project operating costs in the first 15 years, about 196 U. s.dollars / ton lithium concentrate.

In September 2016 the project has completed the feasibility study report of economic uncertainty, the beginning of the end of 2016 the infrastructure construction plan by the end of 2017, began trial operation, is expected to reach capacity by March 2018. Mine life expectancy is 36 years.

In addition, in April 28, 2017, Gan Feng lithium industry announced a 5% stake in Pilbara Minerals. General Lithium (Yung Yung lithium industry) to 0.5 Australian dollars per share binding PLS subscription of 17 million 750 thousand Australian dollars shares.

In the project underwriting, at the project stage, Ganfeng lithium lithium concentrate sales of 160 thousand tons / year, for a period of ten years, to increase the supply of 75 thousand tons / year in the two phase of the project will be the average price of the underwriting price reference for 6 months Chinese imported and domestic lithium carbonate as well as the lowest limit price. General Lithium underwriting 140 thousand tons / year of lithium concentrates in the first phase of the project, with a duration of six years and an extension of four years.

2.Altura Mining

The Altura Mining pegmatite spodumene project is located in the South extension vein of the Pilbara Minerals project, also known as the Pilgangoora project. The amount of resources of 35 million 700 thousand tons of lithium, with an average grade of 1.04%, the average processing capacity of 1 million 540 thousand tons / year. At present, project financing has been fully in place, the project began construction. In addition, Altura will commence a preliminary second phase expansion plan of Pilgangoora lithium project, when the production from 220 thousand tons to 450 thousand tons / year lithium concentrate. 2017 Q4 is expected to put into operation, the first products will be sold in June 30, 2018.

In the project underwriting, before June 30, 2018, China lion Lionergy underwriting 100 thousand dry 6% tons of lithium concentrate, Kennedy Ruiwo can underwrite 100 thousand dry 6% tons / year lithium concentrate, for a period of 5 years. Three years ago the FOB price range 550-950 dollars / tons, and any additional spodumene concentrate will be able to buy any more than Kennedy Ruiwo, Lionergy purchase amount of spodumene concentrate will also be able to buy Ruiwo by kennedy.

3.Tawana Resources

Tawana Resources to explore a way to invest in shares made wa Kambalda Bald in the south of the Hill lithium project 50% equity, 50% other rights for Singapore Alliance Mineral Assets company, the project investment is only $42 million. The lithium lithium reserves of 12 million 800 thousand tons, with an average grade of 1.18%, the project stage can be mined for 3.6 years, lithium concentrate design production capacity of 155 thousand tons / year, the project plan will be put into operation in March 2018.

In the project underwriting, Hongkong Poway Holdings Limited has signed a 5 year underwriting agreement with Tawana Resources, the agreement in 2018 and 2019 6% lithium concentrate sales price fixed at $880 / ton.

4.Mineral Resources

Wodgina Resources's Mineral lithium project, the project was originally tantalite, stop the production of iron ore mines in 2017, started production of spodumene ore stone. At present, the company disclosed lithium resources in the amount of 1.75 tons, the average grade is 1.2%.

In February 2017 the first batch of spodumene ore have been delivered to Chinese Ishihara, is expected in the future to Chinese ore exports 10-20 tons / month. At present, the company plans to build a project of 500 thousand tons and 6% lithium concentrates for the project. It is scheduled to be put into production in July 2018. At present, the project is selling five minerals to spodumene, such as Qingdao dry.

5.Kidman Resources

Kidman Resources is Australia lithium boom in the lucky company in its Western Australia Kalgoorlie area in the production of gold mine drilling accidentally discovered this world-class lithium deposits Mt.Holland, measured the total resources of 1.28 tons, the average grade is 1.44% year plan lithia, ore processing capacity in 150-200 million tons, with an annual output of 6% lithium concentrate 22-30 million ton. The company plans to use the smelting process to produce lithium products directly.

The Kidman Resources and SQM Chile's cooperation in the development of the SQM project, the company invested $110 million to obtain Mt.Holland 50% interest in the project, including $80 million for project development, the $30 million cash payment to Kidman Resources. The feasibility study of the project will be completed in 2017 September, and the project construction is being carried out at the same time to be completed and put into production as soon as possible.

In addition, Kidman Resources and the nearby Poseidon nickel (Poseidon Nickel) concentrator to achieve cooperation, if the plan goes well, the company in December of this year will be produced the first batch of lithium concentrate, and the cost is only $8 million.

In summary, in the construction of Western Australia between 2017 Q4 will most of it to the 2018 launch of Q2, China enterprise has become the most important investors and underwriting the lithium australia. At present not only the lithium salt factory, in the face of lithium based market prices soaring, more and more manufacturers of cathode materials will also be looking to lithium, through processing mode to reduce production costs, improve enterprise gross margin and anti risk ability. Of course, the world