Avenira Signs MoU to develop LFP cathode plant in NT
- Avenira (AEV) is partnering with Advanced Lithium Electrochemistry and the NT Government to develop a lithium iron phosphate (LFP) cathode plant in Darwin
- The parties will source phosphate from Avenira’s Wonarah project to develop the LFP battery manufacturing plant
- The planned plant will have an initial capacity of between 5000 and 10,000 tonnes per annum, with the potential to expand this to 200,000 tonnes per annum by 2032
- The company Executive Chairman Brett Clark says the deal may optimise phosphoric acid at Wonarah and develop downstream assets to produce Australia’s first LFP precursor cathode material
- AEV shares are up 30 per cent to trade at 1.3 cents at 11:54 am AEST
