In the "Australia Mining" today!!!!Avenira gains exclusive...

In the "Australia Mining" today!!!!

Avenira gains exclusive rights to Wonarah project

OLIVIA THOMSON21 mins ago

The Australian

TheNorthern Territory Government has granted two mineral leases to Avenira, abattery cathode and fertiliser focused project developer based in Perth.

Withthe granting of the leases, Avenira now wholly owns the Wonarah Phosphate project, located in the Barkly region of NT.

Theproject is one of the largest phosphate deposits in Australia.

Thetwo mineral leases will allow Avenira to extract a bulk sample for testing and if successful, a direct shipping ore (DRO) operation can begin.

NorthernTerritory Chief Minister Natasha Fyles said the mineral leases are helpingcreate long term jobs across the territory.

“Thegranting of these two mineral leases to Avenira will help to position theTerritory as the next Australian home of advanced manufacturing, develop newskills and jobs, as well as support our objective to achieve a $40 billioneconomy by 2030,” Fyles said.

TheWonarah project could potentially create 1000 jobs and assist in meeting theprojected demand for phosphate.

Aunique critical element, phosphate has been predicted to become a significantcomponent in lithium ferro phosphate (LFP) batteries used in electric vehicles.

“TheNorthern Territory has what it takes to be a thriving economy with world classmineral deposits, prospective gas reserves, a strong agriculture sector,emerging information technology capabilities and strategic advantages as alocation for trade and defence,” Minister for Mining and Industry NicoleManison said.

Avenirachief executive officer Brett Clark said the company is pleased to receive themineral leases so it can proceed towards beginning test pit activities as aninterim stage to DSO production.

“Wonarahtest pit will set up the logistic supply chains that will enable future DSOproduction and underpin the important role that Wonarah can play in thedevelopment of a downstream LFP battery cathode manufacturing facility in theNorthern Territory,” Clark said.