"A buyer for the spodumene and PLS for the life of the mine."
The odds look impressive for a 10 mtpa mine scale up at Manano.
Massive Deal From Management.
CATL would know how much SC6 would be required to meet its customers in providing battery cells.
AVZ provides long-term supply for Yibin and CATL.
And answers the question, where will Yibin obtain the majority of supply to meet its phase 2 expansion of providing ..
Yibin Tianyi, one of China’s largest lithium converters with current production of 50,000tpa and expansion plans to grow to
150,000tpa of lithium hydroxide.close to 6.5 tons of SC6 is required for 1 ton of lithium hydroxide conversion. 975,000 tpa of SC6.
Variation of the Yibin Tianyi offtake agreement and additional offtake arrangements The Implementation Agreement contemplates several variations to the Yibin Tianyi offtake agreement, including:
• The existing Offtake Agreement with Yibin Tianyi will be assigned to CATH and expanded in scope so that it provides for the offtake of SC6 for the life of the Manono Project.
• Volume will be the lower of 50% of SC6 production or up to 800ktpa, taking into account existing third-party offtake agreements. • Mutual commitment to agree additional volumes subject to availability.
That 800KILO TON PER ANNUM is 800,000 tons of SC6.
The 4.5 mtpa was only going to supply ... From DFS.
The DFS indicates the project to be robust and viable with a product mix of Spodumene Concentrate (SC6) for 700,000 t/a and Primary Lithium Sulphate (PLS) for 46,000 t/a. PLS will be produced using 153,000 t/a of the SC6 product as feedstock.
24 December 2020Yibin Tianyi Lithium—a joint venture of Canmax, CATL and Tianyuan Group established in 2018—has formally
commissioned a 20ktpy lithium hydroxide plant in Yibin, Sichuan province. The company plans to construct 45ktpy of lithium hydroxide capacity in two phases and targets a total capacity of 100ktpy by 2025.
The start-up of phase II construction occurred on the same day as commissioning of the phase I plant. The trial run of phase I started in July and the plant is running at 30tpd at present.
Yibin Tianyi Lithium has a 5-year offtake agreement with Pilbara to take up to 75ktpy of spodumene concentrate, with an initial 60kt to be supplied in 2020. It also holds a 9% stake in AVZ, an Australian listed mining company which owns the Manono lithium project in DRC.
Roskill notes that in response to growing demand for high-nickel cathode materials, Chinese lithium convertors have constructed and commissioned significant lithium hydroxide capacity since 2019. Yibin Tianyi Lithium is one of four projects commissioning production in 2020, with the others being Guangxi Tianyuan (25ktpy), Yahua Lithium (20ktpy) and Ganfeng Lithium (50ktpy).
Primary Lithium Sulphate.
• Furthermore,
CATH will enter into a long-term Primary Lithium Sulphate (“PLS”
offtake or tolling agreement which provides for 46,000 DMT per annum or 100% of the primary lithium sulphate produced from the first train of the PLS Plant.
Certainly another re- rate in sp to occur once another milestone and further derisking with Mining Licence to be awarded.
Yes Funding was a prerequisite to Mining Licence being awarded.
Great result from management and life-changing opportunities for the people of Manono and DRC.
ALL IMO
with CA$Hoooleee-ALOT-eee
offtake or tolling agreement which provides for 46,000 DMT per annum or 100% of the primary lithium sulphate produced from the first train of the PLS Plant.
of
