- Clean TeQ (CLQ) has completed its Sunrise project execution plan (PEP), which updates its previous 2018 definitive feasibility study
- The Battery Materials Project in NSW aims to supply nickel and cobalt to the lithium-ion battery market, and scandium to the aerospace, electronics and automotive sectors
- The PEP estimates Sunrise can comfortably produce annual rates of 21,293 tonnes nickel and 4,366 tonnes cobalt in the initial years
- It also estimates scandium oxide supply of 10 to 15 tonnes per annum, before ramping up to 20 tonnes per annum from year three onwards
- Additionally, Sunrise’s average annual post-tax free cashflow estimated at US$308 million (around A$436 million)
- Shares in CLQ are trading 6.6 per cent higher, worth 28.3 cents each
