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A matter of time AEV will get the green light with NT GovtThis...

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    A matter of time AEV will get the green light with NT Govt

    This announcement, made on 16th December 2023 by Australian Minister for Resources and Northern Australia Madeleine King, said the changes followed extensive consultation withindustry, the public, and states and territories, and would support Australia’s growth as a major exporter of clean energy materials.

    NEWS RELEASE 23-32 December 18, 2023
    AUSTRALIAN GOVERNMENT ADDS PHOSPHORUS TO STRATEGIC MINERALS LIST
    WELLINGTON New Zealand
    Chatham Rock Phosphate Limited (“CRP” or the “Company”) (TSXV: “NZP”, NZX: “CRP” FSE
    “3GRE”) is pleased to advise that phosphorus has been added to the Australian Government’s
    Strategic Minerals List.
    With our Korella Phosphate Project comprising Korella North ML100379 and Korella South
    EPM 28187, the addition of phosphorus to the Australian Strategic Minerals List provides
    further impetus to the Company’s activities.
    Korella phosphate has been tested using an ore-sorter to produce phosphate with specific
    characteristics required in the production of yellow phosphorus. Yellow phosphorus is then
    used for production of thermal grade phosphoric acid used in manufacture of Lithium-Iron Phosphorus batteries.
    The new Australian Strategic Materials List contains minerals:
    • that are important for the global transition to net zero and broader strategic
    applications, specifically the priority technologies set out in the Critical Minerals
    Strategy
    • for which Australia has geological potential for resources
    • in demand from our strategic international partners.
    The Strategic Materials List signals the government’s support for their continued
    development and consists of 6 minerals:
    • copper
    • nickel
    • aluminium
    • phosphorous
    • tin
    • zinc.
    As the next step, the Australian Government plans to scope the creation of Strategic Critical
    Minerals Hubs around the country.

    This announcement, made on 16th December 2023 by Australian Minister for Resources and
    Northern Australia Madeleine King, said the changes followed extensive consultation with
    industry, the public, and states and territories, and would support Australia’s growth as a
    major exporter of clean energy materials.
    “The updated Critical Minerals List and the new list of Strategic Materials will help the
    government focus on those commodities needed to create jobs, keep us secure and power
    our economy,” Minister King said.
    These minerals are critical to the greening of our economy and the defence of Australia and
    our allies. The Critical Minerals List and Strategic Minerals List will be updated on an as needed basis, as economic and geostrategic dynamics evolve.
    Australian copper, nickel, aluminium, phosphorous, tin and zinc will be vital to the world’s
    energy transition, which is why for the first time ever we have articulated their economic and
    strategic importance by creating the new Strategic Minerals List.
    Australia is well placed to meet increasing global demand for minerals, with large
    endowments, technical expertise and established resources supply chains,” Minister King
    said.
    This announcement underlines the long-term strategic value of CRP’s commitment to become
    a supplier of phosphate into not only for the Australian agricultural sector but also to the
    market for high grade phosphate rock used in the production of yellow phosphorus and
    thermal grade phosphoric acid used in LFP batteries.
    For further information please contact:
    Chris Castle
    President and Chief Executive Officer
    Chatham Rock Phosphate Limited
    64 21 55 81 85, [email protected] or [email protected]
    Neither the Exchange, its Regulation Service Provider (as that term is defined under the policies of the Exchange),
    or New Zealand Exchange Limited has in any way passed upon the merits of the Transaction and associated
    transactions, and has neither approved nor disapproved of the contents of this press release.
 
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