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Lindsay Dudfield, Executive Director and CEO of Jindalee Resources Limited, Executed MOU with POSCO Holdings For Joint Research At McDermitt Lithium Project

JINDALEE RESOURCES LIMITED  (ASX: JRL) (Jindalee, the Company) is an Australian exploration company with Tier 1 lithium deposits in its portfolio in the United States. The Company’s core goals are to discover world-class mineral deposits and generate shareholder wealth. The United States is one of the largest marketplaces for lithium demand, and Jindalee is a leading company committed to help meet future demand. The Company is focussing efforts into developing its McDermitt lithium deposit. Jindalee Resources was listed on the Australian Securities Exchange (ASX) on 11th July 2002 and raised AUD 2.70 million. Now, it is a pure-play United States lithium company. Jindalee’s Projects: In June 2018, the Company acquired McDermitt and Clayton North, two lithium sediment projects in the United States. Both projects are 100% owned by HiTech Minerals Inc., a wholly owned, US-based subsidiary of Jindalee. Several factors attracted the Company’s interest in these projects including: Potentially
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Altech Chemicals Limited’s Outstanding Preliminary Feasibility Study for Patented Silumina Anodes™

 Altech Chemicals is a specialty EV battery materials technology company headquartered in Australia. The Company owns an extensive and high-technology research and development laboratory supporting the battery technology. Altech Chemicals recently cracked the silicon code and developed a battery that had 30% higher energy retention than conventional Li-ion batteries. The battery also included improved cyclability and battery life.

Announcement of Silumina Anodes™

Altech Chemicals’ patented battery materials product is Silumina Anodes™. The product, a battery anode, is expected to provide a lithium-ion battery with a higher energy retention capacity by volume and weight compared to the graphite anodes currently used in the market.

The Company has undertaken extensive research and development in the Perth laboratory on high purity alumina coating technology for both silicon and graphite particles. These particles are typically used as anodes in lithium-ion batteries, which are found in all rechargeable devices, including mobile phones, toy cars, electric vehicles, solar batteries, and so forth.

Altech’s team undertook one year of work to crack the “silicon barrier,” resulting in an anode with higher battery energy retention capacity. While this breakthrough was announced in November 2021, the feasibility tests of the product were announced in APRIL 2022.

Feasibility test results for Silumina Anodes™

The highlights of the PFS are as follows:

  • Silumina Anodes™ material would be a premium product compared to the graphite material currently used. The material is expected to act as a proxy for graphite. The global demand for graphite material is expected to grow at 18% and 1.7 million tonnes per annum.

GLOBAL DEMAND FOR BATTERIES PREDICTION

  • The breakthrough with Silumina Anodes™ is in line with the recent public statement of Tesla. The electric vehicle manufacturing giant said that they aim to increase the amount of silicon in their battery to improve energy density and life. Altech’s Silumina AnodesTM higher battery performance is in line with Tesla’s statement, and introduces the change in battery technology that Tesla is looking for.

Other announcements for Altech Chemicals

  1. Development of the plant

PROJECT PLANT LOCATION

After the announcement of their proprietary product Silumina Anodes™, Altech Chemicals has projected a capital outlay of USD95 MILLION for the development of a high capacity factory for the production. The Company estimates the net present value of the project to be USD507 million. Altech Chemicals has estimated an internal rate of return at 40%, with investment capital paid back in 3.1 years. The plant is expected to generate 10,000 tpa at a full rate of production which would bring revenue to the tune of USD 185 million per annum.

Managing Director, Iggy Tan stated “The feasibility study for the project has encouraged immediate progress. Altech has already purchased suitable land in Germany and will commence work immediately.”

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