https://purebatterytech.com/Project BackgroundPure Battery...

https://purebatterytech.com/
Project Background

Pure Battery Technologies (“PBT”) is a QLD, Australia based refiner of critical minerals contained in Lithium-Ion Battery (LIB) cathodes.

Poseidon Nickel (ASXOS), is a Western Australian (WA) based Ni miner with multiple sites producing Nickel concentrates in the Kalgoorlie region.

PBT’s current business scope is to deliver these critical materials as an NMC Cathode Active Material (pCAM) in the most environmentally friendly and cost-effective method; the objective is to contribute to work with Poseidon Nickel towards the collaborative and sustainable expansion of the LIB and Electric Vehicle (EV) industries via the WA pCAM Hub (the Project).

Production is targeted at the Asian (Korean and Japanese) and European (German and French) LIB industries, including Automotive OEMs and battery cell makers. Marketing and off-take will be managed jointly with other stakeholders.

The technologies being utilised within this Project are industry-leading worldwide in emissions and cost for the production of pCAM materials. The pCAM Hub will focus on expanding to higher value add products like CAM.

Economic Benefits

The economic impacts of our planned WA pCAM Hub were analysed by Ernst & Young with a sophisticated Computable General Equilibrium (CGE) model. From 2022 – 2031.

In NPV terms, the Project is anticipated to contribute an additional $4,023 million in Gross Regional Product in the Kalgoorlie LGA, an increase of $2,612 million in household consumption, and an average increase in employment in the region of 1,193 FTE employees over the period.

These contributions increase when considered for Western Australia as a whole, with an increase in gross State Product of $4,174 million, an increase of $3,233 million in household consumption, and an average increase in economy-wide employment of 1,729 FTEs over the modelling horizon