Ann: RC Drilling at Large-scale Zola Pegmatite Commences, page-83

In opening a lithium-ion battery factory in Darwin, it was interesting that Energy Renaissance is partnering with US battery storage company 24M.

"24M uses a novel technology called semi-solid lithium-ion. Previous technology required electrodes < 0.1mm to accommodate the slow pace of li-ions transmission, and involved a process to quick-dry the liquid electrolyte, which requires a very large factory space to accommodate the huge reels employed.

24M developed magnetic alignment technology that no longer requires such miniscule surfaces, and uses a semi-solid rather than liquid electrode. This eliminates the need for huge factories for quick drying.

Not only are the costs of the new technology half that of the current ones, but the simpler manufacturing process means that entry will no longer require $1bn but rather a start up plant could be built for as little as $12m."

If CXO can prove the ground over the next year this is going to be a fun ride.