Proactiveinvestors Australia Infinity Lithium Corporation Ltd https://www.proactiveinvestors.com.au Proactiveinvestors Australia Infinity Lithium Corporation Ltd RSS feed en Mon, 27 May 2019 01:14:34 +1000 http://blogs.law.harvard.edu/tech/rss Genera CMS action@proactiveinvestors.com (Proactiveinvestors) action@proactiveinvestors.com (Proactiveinvestors) <![CDATA[News - Infinity Lithium well placed to serve Europe’s lithium industry ]]> https://www.proactiveinvestors.com.au/companies/news/220480/infinity-lithium-well-placed-to-serve-europes-lithium-industry-220480.html Infinity Lithium Corporation Ltd (ASX:INF) is ideally placed to capitalise on the strong lithium market fundamentals in Europe with its fully integrated San Jose project in Spain.

The company’s managing director Ryan Parkin and executive director Vincent Ledoux Pedailles attended this week’s Proactive CEO Sessions to outline the company’s strategy.

In his address, Parkin said the San Jose project hosted the second largest lithium resource in the European Union from which the company aimed to begin production at the tail-end of 2022.

READ: Infinity Lithium updated PFS test work positive, remains on track

An updated pre-feasibility study (PFS) for the project is on track for completion around the end of the current quarter.

This is assessing a fully integrated plan starting with mining and ending with lithium hydroxide production.

As part of this process, PFS consultant Wave International has completed stage I test work and produced suitable amounts of concentrate for stage II hydrometallurgical test work.

This is designed to develop the sulphate-roast-water-leach (‘SRWL’) flowsheet to a PFS standard.

Parkin said the company’s strategy was in line with many of the major players in the lithium industry who were now focusing on downstream, value-adding opportunities.

The San Jose project is being geared towards providing a boost to the economy of the Extremadura  region of western Spain as well as to the country as a whole.

READ: Infinity Lithium signs reagent supply MoU for Spanish lithium chemical production plan

To this end the company is sourcing as much of the products, staffing and expertise as possible from the region and recently entered an MoU with Ercros SA for the supply of major input reagents.

Ercros is Spain’s leading basic chemicals producer.

Being able to source the chemicals domestically supports the company’s strategy to minimise its carbon footprint by limiting transport and CO2 emissions.

The company also hopes to capitalise from ongoing negotiations regarding financing, partnerships and supply deals with a number of parties in Europe.

Read Ryan Parkin’s presentation.

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Fri, 17 May 2019 15:46:00 +1000 https://www.proactiveinvestors.com.au/companies/news/220480/infinity-lithium-well-placed-to-serve-europes-lithium-industry-220480.html
<![CDATA[Media files - Infinity Lithium sees strong long-term fundamentals for lithium as it develops San Jose in Spain ]]> https://www.proactiveinvestors.com.au/companies/stocktube/13327/infinity-lithium-sees-strong-long-term-fundamentals-for-lithium-as-it-develops-san-jose-in-spain-13327.html Mon, 13 May 2019 19:48:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/13327/infinity-lithium-sees-strong-long-term-fundamentals-for-lithium-as-it-develops-san-jose-in-spain-13327.html <![CDATA[News - Infinity Lithium to outline its Europe focused lithium strategy at Proactive CEO Sessions ]]> https://www.proactiveinvestors.com.au/companies/news/219622/infinity-lithium-to-outline-its-europe-focused-lithium-strategy-at-proactive-ceo-sessions-219622.html Infinity Lithium Corporation Ltd’s (ASX:INF) updated pre-feasibility study (PFS) for the San Jose Lithium Project in Spain is on track for completion in June-July this year.

Notably, stage 1 test work has been completed which focused on metallurgical test work designed to confirm previous upgrade factors from the November 2018 scoping study.

Infinity managing director Ryan Parkin will present to investors at the Sydney investor event on Monday, May 13 and at the Melbourne event on Tuesday, May 14.

READ: Infinity Lithium well positioned to support Europe’s electric vehicle focus

The company is witnessed increasing news activity in the European lithium-ion battery supply chain.

The EU continues to focus on all areas of activity to support the critical auto industry: from electric vehicles (EVs) to batteries all the way to lithium mining and chemical conversion.

Notably, the German car industry will invest over €40 billion over the next three years in electric vehicles, tripling the number of models available.

Moving towards 100% ownership

Infinity Lithium is well positioned to strategically support the EU and the auto industry’s endeavours, as evidenced through the recent acquisition of a further 25% ownership interest in the San Jose Project, moving Infinity’s total ownership to 75%.

Furthermore, Infinity has renegotiated terms whereby a clear pathway to 100% project ownership is available.

Register for the CEO Sessions today

Sydney details, Monday, May 13, 2019

Melbourne details, Tuesday, May 14, 2019

Also featuring at both sessions will be Xanadu Mines Ltd (ASX:XAM), Zelda Therapeutics Ltd (ASX:ZLD), Oventus Medical Ltd (ASX:OVN and Invitrocue Ltd (ASX:IVQ).

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Fri, 03 May 2019 11:31:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219622/infinity-lithium-to-outline-its-europe-focused-lithium-strategy-at-proactive-ceo-sessions-219622.html
<![CDATA[News - Infinity Lithium signs reagent supply MoU for Spanish lithium chemical production plan ]]> https://www.proactiveinvestors.com.au/companies/news/219418/infinity-lithium-signs-reagent-supply-mou-for-spanish-lithium-chemical-production-plan-219418.html Infinity Lithium Corporation Ltd (ASX:INF) has entered into an MoU for the supply of major input reagents to be used for the production of lithium chemicals at its San Jose project in Spain.

The agreement is with Ercros SA, Spain’s leading basic chemicals producer, and will allow Infinity to access essential production inputs sourced within Spain.

Being able to source the chemicals domestically supports the company’s strategy to minimise its carbon footprint by limiting transport and CO2 emissions.

This also prioritises collaboration with domestic companies, supporting the industry and generating growth and employment.

READ: Infinity Lithium joins AEDIVE in Spain to promote EV industry

Infinity’s CEO and managing director Ryan Parkin said: “Automakers have already announced they need to be able to maintain visibility of their entire supply chain, including mining and lithium chemical activities, and ensure their suppliers reduce carbon emissions and the impact on the environment.

“Through being strategically located in Spain with mining and processing lithium chemical activities on site, Infinity is in a unique position to limit transport and CO2 emissions.

“However, and similarly to automakers, we also need to be able to look at our own supply chain and make sure we limit our carbon footprint, hence our decision to source our reagents domestically.”

San Jose is a strategically significant European asset retaining an ongoing advantageous sustainability and carbon emission profile.

In maintaining a continued focus on the lithium-ion battery supply chain carbon footprint, it

remains a priority to partner with a domestic supplier of sodium hydroxide (caustic soda) or potassium hydroxide (KOH) to meet its processing requirements and execute a product offtake.

READ: Infinity Lithium updated PFS test work positive, remains on track

Infinity is undertaking technical works as it progresses towards completing a pre-feasibility Study (PFS) to produce lithium hydroxide on site.

The studies and cost benefit analysis will highlight the quantum of caustic soda or KOH required to be used in the conversion process in the production of battery-grade lithium chemicals.

There is increasing onus within the European Union on the availability of lithium raw materials and lithium chemicals in Europe to support the burgeoning electric vehicle market.

OEMs are also sharpening their focus on all parts of the value chain, including the carbon footprint of suppliers.

READ: Infinity Lithium well positioned to support Europe’s electric vehicle focus

Parkin said: “Developing the lithium-ion battery supply chain and electric mobility in Spain is crucial for a country which is the second largest automaker in Europe.

“More recently Volkswagen’s CEO noted that it does not make sense to manufacture electric vehicles in Spain without battery production facilities in country, and Infinity is ideally placed to participate in activities within Spain and the broader EU landscape.

“Volkswagen also recently announced that it has set itself the goal of promoting lithium production in Europe in the medium term.

“The lithium-ion battery supply chain starts with lithium where Spain has the world-class San Jose deposit, providing a unique opportunity to maintain a competitive position and reduce dependence on other regions.”

Ercros has a network of caustic soda tanks in the Iberia region and in order to control its carbon footprint through its production process, Infinity will prioritise the purchase of domestically produced reagents.

Reagents a significant ingredient

Reagents constitute about 25% of the operating cost of lithium hydroxide production and it is expected that San Jose will consume about 160,000 tonnes of sodium hydroxide over the life of mine.

Ercros’ commercial director Carles Arias said: “Ercros is pleased to participate in Europe’s move towards electric mobility and lower CO2 emissions by supporting Infinity’s operations and supply key reagents for the production of lithium chemicals that can be used directly in batteries.”

Infinity Lithium intends to mine the hard rock mica resource at San Jose and develop processing facilities to provide what would currently be the sole European mine-to-end-product lithium hydroxide operation.

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Wed, 01 May 2019 10:51:00 +1000 https://www.proactiveinvestors.com.au/companies/news/219418/infinity-lithium-signs-reagent-supply-mou-for-spanish-lithium-chemical-production-plan-219418.html
<![CDATA[News - Infinity Lithium updated PFS test work positive, remains on track ]]> https://www.proactiveinvestors.com.au/companies/news/218721/infinity-lithium-updated-pfs-test-work-positive-remains-on-track-218721.html Infinity Lithium Corporation Ltd (ASX:INF) has confirmed its updated pre-feasibility study (PFS) is on track for completion in June-July this year.

Notably, stage I test work has been completed which focused on metallurgical test work designed to confirm previous upgrade factors from the November 2018 scoping study.

The PFS consultant, Wave International, was able to complete the test work and produce suitable amounts of concentrate for the stage II hydrometallurgical test work.

Stage II test work is designed to develop the sulphate-roast-water-leach (‘SRWL’) flowsheet to a PFS standard.

Stage I focussed on the crush-mill and beneficiation stages, stage II covers ‘roast and leach’ stages

As per the flowsheet above, after stage II, the leach solution produced will move to stage III, the final stage, where through a process of purification and crystallisation lithium hydroxide will be produced.

Wave International's Director Ryan Hanrahan commented: “The confirmation of the scoping study beneficiation recoveries and grades is an encouraging first major milestone for the San Jose PFS.

"These results provide a solid platform on which to progress the PFS engineering and ongoing metallurgical test work.

"As a team we are excited to be supporting INF to take the next step in de-risking the San Jose project and progressing towards development.”

READ: Infinity Lithium joins AEDIVE in Spain to promote EV industry

Last month, Infinity increased its ownership to 75% from 50% in the San Jose Lithium Project in Spain.

The project’s November 2018 scoping study valued the lithium project at up to US$1.017 billion.

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Wed, 17 Apr 2019 09:26:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218721/infinity-lithium-updated-pfs-test-work-positive-remains-on-track-218721.html
<![CDATA[News - Infinity Lithium joins AEDIVE in Spain to promote EV industry ]]> https://www.proactiveinvestors.com.au/companies/news/218454/infinity-lithium-joins-aedive-in-spain-to-promote-ev-industry-218454.html Infinity Lithium Ltd (ASX:INF) has joined forces with AEDIVE to support the development of electric vehicles and general electric mobility in Spain.

AEDIVE has about 150 members in the electric mobility market’s supply chain and advocates for industry support from government among other things.

READ: Infinity Lithium well positioned to support Europe’s electric vehicle focus

Infinity’s CEO and managing director Ryan Parkin said: “This is another example of the rapidly evolving recognition of the importance of battery chemicals within Europe, and the momentum gathering within the EU to address a significant risk to their burgeoning auto industry.

“San Jose is ideally placed to supply Europe with a significant volume of lithium chemicals in addition to the utilisation of the raw material resource.

“It benefits from the availability of key infrastructure located adjacent to the project area, ensuring the availability of a sustainable source of product with an environmentally advantageous carbon footprint.”

Supplying battery grade chemicals to the EU

Infinity’s San Jose Lithium Project contains the European Union’s second largest JORC lithium resource.

The project is projected to produce up to 15,000 tonnes per annum of battery grade lithium chemicals for more than 24 years.

It is well positioned to supply battery grade chemicals into the European market.

Recent European report recognises lithium importance

Earlier this week, the European Commission (EC) published the fourth State of the Energy Union report.

The EC presented forward visions including one on the strategic batteries plan for Europe.

It readily acknowledged the strategic imperative of the lithium-ion battery (LIB) market within Europe that will be required to drive the ongoing clean energy and mobility transitions.

EU must step up investment and innovation

They note that “the European market potential could be worth up to EUR 250 billion annually from 2025 onwards” however that “if no action is taken to support the creation of a viable battery manufacturing sector, there is a risk that Europe falls irreversibly behind its competitors in the global batteries market, and becomes dependent on imports of battery cells and raw materials used in the supply chain.”

Furthermore, the EC has identified that LIBs strategic importance “where the EU must step up investment and innovation in the context of a strengthened industrial policy strategy aimed at building a globally integrated, sustainable and competitive industrial base.”

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Fri, 12 Apr 2019 11:02:00 +1000 https://www.proactiveinvestors.com.au/companies/news/218454/infinity-lithium-joins-aedive-in-spain-to-promote-ev-industry-218454.html
<![CDATA[News - Infinity Lithium well positioned to support Europe’s electric vehicle focus ]]> https://www.proactiveinvestors.com.au/companies/news/217596/infinity-lithium-well-positioned-to-support-europes-electric-vehicle-focus-217596.html Infinity Lithium Corporation Ltd (ASX:INF) has witnessed increasing news activity in the European lithium-ion battery supply chain during March 2019.

The EU continues to focus on all areas of activity to support the critical auto industry: from electric vehicles (EVs) to batteries all the way to lithium mining and chemical conversion.

Germany continues to act as the frontrunner with the Economy Minister, Peter Altmaier, recently stating that “We can only prevent massive job losses if we build the world’s best batteries in Europe”.

Altmaier also noted Europe was under pressure in the race to set up production of battery cells for electric cars in order to keep up with China or the U.S.

It has been well documented that the German car industry will invest over €40 billion over the next three years in electric vehicles, tripling the number of models available.

These investments are crucial to reaching the goals set by the EU for the reduction of carbon dioxide emissions.

Investment in Europe is also accelerating through offshore investment, with South Korean giant SK Innovation announcing a second battery plant in Europe, aiming to strengthen its presence in the fast-growing European market.

The ground was broken on the second plant in March and construction is expected to finish in the first half of 2020 with mass delivery to begin in early 2022.

READ: Infinity Lithium increases San Jose project ownership to 75%

Infinity Lithium is well positioned to strategically support the EU and auto industry’s endeavours, as evidenced through the recent acquisition of a further 25% ownership interest in the San Jose Project, moving Infinity’s total ownership to 75%.

Furthermore, Infinity has renegotiated terms whereby a clear pathway to 100% project ownership is available.

 

Infinity CEO Ryan Parkin said: “Infinity is delighted to announce the progression of project ownership to 75%.

“The acceleration in project ownership reflects the alignment of the project towards lithium hydroxide opportunities and the relevance of that product in Europe, one of the world’s largest electric vehicle markets.”

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Mon, 01 Apr 2019 16:41:00 +1100 https://www.proactiveinvestors.com.au/companies/news/217596/infinity-lithium-well-positioned-to-support-europes-electric-vehicle-focus-217596.html
<![CDATA[Media files - Infinity Lithium boosts share in Spanish project as lithium demand rises ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12693/infinity-lithium-boosts-share-in-spanish-project-as-lithium-demand-rises-12693.html Thu, 21 Mar 2019 21:24:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12693/infinity-lithium-boosts-share-in-spanish-project-as-lithium-demand-rises-12693.html <![CDATA[News - Infinity Lithium increases San Jose project ownership to 75% ]]> https://www.proactiveinvestors.com.au/companies/news/216590/infinity-lithium-increases-san-jose-project-ownership-to-75-216590.html Infinity Lithium Corporation Ltd (ASX:INF) has increased its ownership to 75% from 50% in the San Jose Lithium Project in Spain.

The increase was the result of a successful renegotiation of the joint venture agreement with local partner Valoriza Mineria S.A.

Partner Valoriza Mineria is a mining contractor and has retained preferred contractor rights in the renegotiation ensuring alignment of goals and focus on project development.

READ: Infinity Lithium Corporation boosts market expertise ahead of San Jose feasibility study

Infinity’s CEO and managing director Ryan Parkin said: “Infinity is delighted to announce the progression of project ownership to 75% as we enter a period of increasing engagement of potential strategic partners and move towards the delivery of the San Jose Lithium Project pre-feasibility study.

“European lithium-ion battery supply chain developments have recently accelerated.

“The ability to continue to align our goals to work collaboratively with our JV partners in progressing commercial discussions with key European and other industry participants provides immediate value to the project.

“The resulting acceleration in project ownership reflects the alignment of the project towards lithium hydroxide opportunities and the relevance of that product in one of the world’s largest electric vehicle markets”.

Renegotiation driven by change from lithium carbonate to hydroxide

Movement from lithium carbonate to lithium hydroxide pathway has driven renegotiation of the joint venture.

Under the original June 2016 JV agreement with Valoriza Mineria, Infinity was able to earn-in to a 75% interest through the delivery of a feasibility study on lithium carbonate production with an agreed budget of €2.5 million.

Valoriza Mineria was the preferred contractor for all works within the feasibility study and had completed some work including land access, public relations, and environmental baseline studies.

€1 million in staged payments until mid-2020

The revised JV agreement terms now enables Infinity to assume 75% interest through the immediate payment of €250,000 and additional ongoing payment commitments totalling €750,000 payable within 14 months or by 13 May 2020.

Notably, Infinity retains the right to forgo subsequent staged payments, revert to 50% project interest and earn-in to 75% through the delivery of a lithium chemicals feasibility study.

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Mon, 18 Mar 2019 11:33:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216590/infinity-lithium-increases-san-jose-project-ownership-to-75-216590.html
<![CDATA[News - Infinity Lithium in trading halt pending the release of acquisition details ]]> https://www.proactiveinvestors.com.au/companies/news/216429/infinity-lithium-in-trading-halt-pending-the-release-of-acquisition-details-216429.html Infinity Lithium Ltd (ASX:INF) has been granted a trading halt by the ASX pending the release of information regarding a transaction to acquire an asset.

Shares in the company will remain halted until the earlier of, the release of relevant information, or, the commencement of trading on Monday 18 March 2019.

READ: Infinity Lithium Corporation boosts market expertise ahead of San Jose feasibility study

Proactive caught up with Infinity Lithium's executive director Vincent Ledoux Pedailles last Friday to discuss opportunities in the battery supply chain.

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Thu, 14 Mar 2019 11:14:00 +1100 https://www.proactiveinvestors.com.au/companies/news/216429/infinity-lithium-in-trading-halt-pending-the-release-of-acquisition-details-216429.html
<![CDATA[Media files - Infinity Lithium director discusses widening gap in battery supply chain ]]> https://www.proactiveinvestors.com.au/companies/stocktube/12520/infinity-lithium-director-discusses-widening-gap-in-battery-supply-chain-12520.html Fri, 08 Mar 2019 10:55:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/12520/infinity-lithium-director-discusses-widening-gap-in-battery-supply-chain-12520.html <![CDATA[News - Infinity Lithium Corporation boosts market expertise ahead of San Jose feasibility study ]]> https://www.proactiveinvestors.com.au/companies/news/213468/infinity-lithium-corporation-boosts-market-expertise-ahead-of-san-jose-feasibility-study-213468.html Infinity Lithium Corporation Ltd (ASX:INF) (FRA:3PM) (STU:3PM) is advancing discussions with financiers, potential strategic partners and prospective offtake parties after the company produced battery-grade lithium hydroxide from its San Jose project in Spain at relatively-low net direct (c1) cash costs.

The tri-listed company is holding discussions with potential strategic partners to prepare either a pre-feasibility study for lithium hydroxide production or a feasibility study for lithium carbonate production at the lithium-tin project.

READ: Infinity Lithium scoping study supports lithium hydroxide operation

Infinity Lithium’s November 2018 lithium hydroxide scoping study valued a future operation at the San Jose project at up to US$1.017 billion, using a before-tax net present value calculated at a 10% discount.

The study’s corresponding internal rate of return was 51% while its operating expense was toward the bottom of the cost curve at US$5,343 a tonne.

Considered the second largest lithium JORC resource in Europe, San Jose features 111.2 million tonnes grading 0.28% lithium, 0.61% lithium oxide and 206ppm tin.

WATCH: Infinity Lithium director discusses widening gap in battery supply chain

The deposit’s extensive strike, width and surface outcrop make it amenable to bulk, open pit-style mining methods.

Infinity Lithium’s preliminary technical and economic investigation of the potential viability of a San Jose hydroxide project envisioned a fully-integrated hard-rock lithium project where all activity is undertaken at the project, from mining through to the production of battery-grade lithium hydroxide.

The company earned a 50% joint venture stake in its flagship project after producing a lithium carbonate scoping study and submitting a mining licence application.

This study was undertaken more than a year ago, with results reported in October 2017.

Infinity Lithium said today the carbonate study had “demonstrated the potential for a robust lithium chemicals development project strategically located in the Extremadura region of Spain”.

Lithium hydroxide versus lithium carbonate

Lithium hydroxide attracts a price premium to lithium carbonate products and is an attractive option for development.

Acknowledging the change in its focus, Infinity Lithium wrote today in its quarterly activities report: “The decision by the company to examine lithium hydroxide production is consistent with the evolving battery market and the JV is now formally considering a shift from carbonate to hydroxide production.

“Lithium hydroxide is a higher value battery chemical product due to it offering more energy capacity, longer life cycle and safety when compared to lithium carbonate cathodes, whilst it is also projected to have greater growth projections in direct response to evolving battery technologies required for electric vehicles.”

 

Infinity Lithium executive director and European corporate strategy and business development vice-president Vincent Ledoux-Pedailles spoke to Proactive Investors’ Stocktube video channel about the change in development route last month.

Speaking to Stocktube while he was in Australia for a roadshow, Ledoux-Pedailles said: “We are now moving onto the hydroxide route and that’s because we understand how the battery technology is evolving — and that’s towards cathodes containing more nickel.

“Those cathodes are becoming more nickel-rich because people want to move away from using cobalt and they want to increase the energy density in those cathodes.

“That also means we are moving away from using carbonates and moving towards using more lithium hydroxides, so the lithium hydroxide road is growing twice faster than carbonate.”

In the past month, the spot price out of China for battery-grade 99.5% lithium carbonate was 75,000-83,000 yuan (US$11,087.63-$12,270.31) a tonne.

The spot price for battery grade 56.5% lithium hydroxide was 99,000-109,000 yuan (US$14,635.66-$16,114.01).

One US dollar had been changing hands for about 6.76 Chinese yuan, 2 cents higher than current levels.

 

Infinity Lithium managing director & CEO Ryan Parkin had spoken to Stocktube video channel about the San Jose hydroxide scoping study in November, saying it was a response to “the movement towards high-nickel content, greater energy range and greater energy-density cathodes.”

“We’ve had a great result with our scoping study — an NPV in excess of US$715 million and an IRR of 51%.

“It’s a long-life, robust and exciting project for us there in Europe.”

Other December quarter achievements

Infinity Lithium broadened its investor base with listings on the Frankfurt and Stuttgart exchanges in December quarter 2018, increasing its exposure to the European lithium investment community.

Europe is set to become a major electric vehicle market.

European electric and ICE (internal combustion engine) vehicle targets

Infinity Lithium made a key European appointment early on in the quarter, making Ledoux-Pedailles its vice-president of European corporate strategy and business development.

The former leader of the lithium and battery materials research team at the US$20 billion global data and information service group IHS Markit (NASADAQ:INFO) has been sharing his expertise with investors and the lithium industry over the past quarter at key events.

READ: Infinity Lithium Corporation strengthens board by appointing experienced industry executive

This quarter, the company has brought Ledoux-Pedailles’ influence closer to home, pulling up a seat for the valued executive at its boardroom table.

Speaking on the company’s events after December quarter end, the company used its quarterly activities report to acknowledge the importance of Ledoux-Pedailles’ role and the European lithium market.

“The (Ledoux-Pedailles) appointment continues to reflect the corporate requirements and core focus of Infinity with regards to advancing the San Jose Lithium Project.

“The rapid evolution in cathode technologies and the lithium chemicals market has resulted in increasing focus on opportunities for lithium hydroxide and in particular the availability of product from non-Chinese based converters.

“The proximity of San Jose to growing European markets provides significant strategic value to European cathode producers and lithium-ion battery cell manufacturers, as Europe addresses surety of supply to support what is projected to be the second-largest electric vehicle market.”

READ: Infinity Lithium reveals maiden resource at Banio as potash price rises 50% in one year

Last quarter the company also unveiled a 1.67 billion tonne maiden resource for its Banio Potash Project in southern Gabon, Central Africa.

Investor and director Adrian Byass spoke to Stocktube about Banio and San Jose, indicating the company’s Spanish project iwould come first in its priority list.

The Banio inferred mineral resource at a 12% KCl cut-off

Byass outlined options for monetising Banio and said: “The company’s quite clear in its focus; it’s very rare that you have a curse of riches, in that we have two excellent projects which both could be advanced.

“But the returns and the market growth and the real appetite for the San Jose project within Europe means that we can’t do anything but advance that as fast and as hard as we can.”

Banio was put on care and maintenance in 2017 amid weakened global potash pricing in 2016-17.

The global potash price is now at US$226 a tonne.

 

Quarterly results

Infinity Lithium directed $751,000 to its operating activities in the December quarter, including $429,000 spent on exploration and evaluation.

A small $1,000 was spent on financing activities, related to securities-issuing costs.

The company had $2.54 million at the end of the quarter, a $753,000 reduction on the September quarter.

Infinity Lithium has estimated its cash outflows in March quarter 2019 will be $700,000 with expected expenditure on exploration and evaluation of $400,000.

Major shareholders

The company had 69,772,677 shares on issue on September 17.

Morgan Stanley Australia Securities (Nominee) Pty Limited <No 1 Account> was Infinity Lithium’s largest and only major shareholding, with the institutional investor having 5.84% of shares on issue.

Infinity Lithium’s top five shareholder list was rounded out by: Adman Lanes Pty Ltd, with a 3.69% stake; Valiant Equity Management Pty Ltd, a company linked to director Adrian Byass’ family, which had 2.62%; Nicholas Simon Draper and Melinda Jane Draper, through the Draper Super Fund A/C, with 1.84%; and Peking Pty Ltd <Dial a Dump STF S/F No 2 A/C> with 1.71%.

The top five shareholders had 15.7% of Infinity Lithium, while the company’s top 20 shareholders had a collective 36.74% stake.

— with Danielle Doporto

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Tue, 29 Jan 2019 00:00:00 +1100 https://www.proactiveinvestors.com.au/companies/news/213468/infinity-lithium-corporation-boosts-market-expertise-ahead-of-san-jose-feasibility-study-213468.html
<![CDATA[News - Infinity Lithium Corporation strengthens board by appointing experienced industry executive ]]> https://www.proactiveinvestors.com.au/companies/news/212651/infinity-lithium-corporation-strengthens-board-by-appointing-experienced-industry-executive-212651.html Infinity Lithium Corporation Limited (ASX: INF) has strengthened its board by appointing lithium industry expert Vincent Ledoux-Pedailles as a director.

Appointment of the European-based executive reflects the corporate requirements and core focus of Infinity as it advances the San Jose Lithium Project in Spain.

Market experience

Ledoux-Pedailles has been involved in the lithium industry since 2011 and has held roles monitoring metals and industrial minerals markets at Roskill.

He also led the lithium and battery materials research team at London based global data and information service group HIS Markit.

In this role he focused on basic chemical commodities and led the EMEA Chloralkali team.

“Depth of industry expertise”

Infinity managing director Ryan Parkin said: “Infinity is delighted with the outcomes of the lithium hydroxide scoping study and the appointment of Vincent to the Board of Infinity.

“Vincent’s depth of industry expertise and strong network throughout Europe reinforces Infinity’s focus on engaging with potential strategic, technological and off-take partners in the progression of the San Jose Lithium Project in the world’s second largest electric vehicle market.”

 

Parkin said: “Vincent’s industry knowledge and expertise in the broader industrial chemicals market will provide immense value when considering the nature of offtake agreements in a highly specialised segment.

“With his lithium market credentials, strong leadership qualities and team mentality, we are excited to welcome Vincent to the board to drive Infinity and the strategically significant San Jose Lithium Project forward.”

Perspective in specialised lithium chemicals

Covering the entire supply chain from the extraction of raw materials, their conversion to chemicals and battery materials used in cathodes, and the progression to end uses such as in electric vehicles, Ledoux-Pedailles brings perspective in highly specialised lithium chemicals.

READ: Infinity Lithium makes key European appointment as San Jose project gains momentum

Since the December quarter of 2018 Ledoux-Pedailles has been working as vice president of European corporate strategy and business development with Infinity, where he also presented at various global industry events.

During this time the company also started trading on the Frankfurt and Stuttgart stock exchanges after completing the German dual listings over the summer period.

These listings provided relevant platforms for European investors with a particular focus on German and Swiss investors.

World’s second largest EV market

The proximity of San Jose to growing European markets provides important strategic value to European cathode producers and lithium-ion battery cell manufacturers.

This comes as Europe addresses supply to support what is projected to be the second largest electric vehicle market.

READ: Infinity Lithium scoping study supports lithium hydroxide operation

In November last year Infinity completed a scoping study valuing a future operation at the San Jose project at up to US$1.017 billion.

The study envisioned a fully integrated hard rock lithium project from mining to production of battery-grade lithium hydroxide.

- Jessica Cummins

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Tue, 15 Jan 2019 22:12:00 +1100 https://www.proactiveinvestors.com.au/companies/news/212651/infinity-lithium-corporation-strengthens-board-by-appointing-experienced-industry-executive-212651.html
<![CDATA[News - Infinity Lithium’s webinar to discuss latest developments in the lithium industry ]]> https://www.proactiveinvestors.com.au/companies/news/210925/infinity-lithiums-webinar-to-discuss-latest-developments-in-the-lithium-industry-210925.html Infinity Lithium Corporation Ltd (ASX:INF) is holding a lithium webinar tomorrow (December 12, 2018), which will have around 100 companies joining including BMW, Daimler, Shell, BP and Samsung.

The company will cover the latest developments in the lithium industry and will discuss the following topics/questions:
• What to expect on the lithium demand side?
• How is the lithium-ion battery industry responding to growing electric vehicle (EV) demand?
• What does the evolution of cathode technologies mean for lithium?
• Which regions are capitalising on EV & battery demand?
• How is China controlling the lithium chain?
• How quickly can lithium supply increase?
• What is the production costs landscape?
• What happened to lithium prices and where are they heading?
• How is our project answering to vital industry needs?

Register now for the webinar by emailing ‘Yes’ to Tegan Murphy at tmurphy@infinitylithium.com

 

Infinity Lithium recently completed a scoping study valuing a future operation at the San Jose Lithium Project in Spain at up to US$1.017 billion.

Notably, the operation would include the production of battery grade lithium hydroxide.

The study envisions a fully integrated hard rock lithium project from mining to battery-grade production of lithium hydroxide.

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Tue, 11 Dec 2018 16:48:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210925/infinity-lithiums-webinar-to-discuss-latest-developments-in-the-lithium-industry-210925.html
<![CDATA[Media files - Infinity Lithium working to become fully-integrated low-cost lithium hydroxide producer ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11577/infinity-lithium-working-to-become-fully-integrated-low-cost-lithium-hydroxide-producer-11577.html Tue, 11 Dec 2018 16:40:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11577/infinity-lithium-working-to-become-fully-integrated-low-cost-lithium-hydroxide-producer-11577.html <![CDATA[Media files - Infinity Lithium’s scoping study highlights low-cost advantages of San Jose Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11362/infinity-lithiums-scoping-study-highlights-low-cost-advantages-of-san-jose-lithium-project-11362.html Thu, 29 Nov 2018 12:26:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11362/infinity-lithiums-scoping-study-highlights-low-cost-advantages-of-san-jose-lithium-project-11362.html <![CDATA[News - Infinity Lithium scoping study supports lithium hydroxide operation ]]> https://www.proactiveinvestors.com.au/companies/news/210169/infinity-lithium-scoping-study-supports-lithium-hydroxide-operation-210169.html Infinity Lithium Corporation Ltd (ASX:INF) has completed a scoping study valuing a future operation at the San Jose Lithium Project in Spain at up to US$1.017 billion.

Notably, the operation would include the production of battery grade lithium hydroxide.

The study envisions a fully integrated hard rock lithium project from mining to battery-grade production of lithium hydroxide.

Demand for lithium hydroxide products in Europe

The decision by the company to shift the project’s focus from a lithium carbonate towards a lithium hydroxide output is consistent with the evolving battery market.

Infinity’s managing director Ryan Parkin said: “Infinity has been able to capitalise on evolving market conditions and this scoping study clearly demonstrates the significant advantages in the production of a higher value lithium chemical end product, lithium hydroxide.

“The evolution of cathode technologies used in higher density lithium-ion batteries has seen greater opportunities to capitalise on burgeoning electric vehicle demand for battery-grade lithium chemicals, and in particular leaves Infinity well placed to alleviate geographical supply-side risk of European cathode and battery producers.

“The scoping study demonstrates that the long-life San Jose Lithium Project has suitable production scale capable of providing a materially significant option for cathode producers to diversity within Europe, whilst the long mine and processing life aligns to many European nations’ targeted reduction in emissions and phase out of internal combustion engine vehicles."

Europe chasing behind China in the EV race

There is a wave of investment in Europe to support the development of electric cars including the construction of lithium-ion battery giga-factories as well as a number of cathode plants.

The European Union notes their intention to de-risk the lithium-ion battery supply through investment and developing domestic production.

Parkin added: “European automakers continue to launch large-scale electrification plans and the region is projected to become the second largest electric vehicle market in the world.

“The high margins and low operating costs environment benefit from a resource with a low strip ratio and economic benefits derived from processing variations aligned to lithium hydroxide production from hard rock sources.

Further upside from by-product credits yet to be valued

“There is further upside yet to be factored in through the potential to generate by-product credits, as currently the attractive economic outcomes detailed throughout the scoping study are deriving solely through the production of battery grade lithium hydroxide.”

Discussions continue to advance with strategic financiers, including global offtake companies.

The study confirms that the project's economic, financial and technical aspects are all robust.

It also highlights Infinity’s potential to become a significant, long-life, high margin lithium hydroxide producer located strategically in Western Europe.

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Thu, 29 Nov 2018 11:29:00 +1100 https://www.proactiveinvestors.com.au/companies/news/210169/infinity-lithium-scoping-study-supports-lithium-hydroxide-operation-210169.html
<![CDATA[Media files - Infinity Lithium leveraging Banio Potash Project to advance San Jose Lithium Project ]]> https://www.proactiveinvestors.com.au/companies/stocktube/11132/infinity-lithium-leveraging-banio-potash-project-to-advance-san-jose-lithium-project-11132.html Thu, 08 Nov 2018 12:00:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/11132/infinity-lithium-leveraging-banio-potash-project-to-advance-san-jose-lithium-project-11132.html <![CDATA[News - Infinity Lithium reveals maiden resource as potash price rises 50% in one year ]]> https://www.proactiveinvestors.com.au/companies/news/208464/infinity-lithium-reveals-maiden-resource-as-potash-price-rises-50-in-one-year-208464.html Infinity Lithium Corporation Ltd (ASX:INF) has revealed a maiden potash resource of 1.67 billion tonnes at 16.1% KCl (potassium chloride) at the Banio Potash Project in southern Gabon.

The resource includes high-grade sylvinite and carnallite and is based on testing a limited portion of the 2016 exploration target.

Banio inferred mineral resource at 12% KCl cut-off

The Banio Potash Project has been on care and maintenance from 2017 in a period of weak potash pricing and the emergence of the San Jose Lithium-Tin Project in Spain as the flagship for Infinity.

Potash prices have risen strongly in the past 12 months (up +50%) and with the acquisition of some recent downhole data, a maiden resource has been calculated.

Infinity managing director Ryan Parkin said: “The delivery of this very large resource of sylvinite and carnallite at a relatively shallow depth validates acquisition and the work done previously.

“At a project level it is a very significant step in the development of the project at such an early stage.

“More importantly, this resource is based on just two exploration holes in the Alpha Section of the project demonstrating that a JORC resource could be estimated by testing only a small portion of the area covered in the previously reported exploration target.”

Global demand for potash is forecast to rise through 2025

Parkin added “This resource has the potential to increase in size significantly with the next phase of drilling on the property.

“Currently, although no technical studies have been completed, management is of the view that this resource will be highly amenable to the lower-cost, in-situ leach mining extraction method.”

READ: Infinity Lithium’s hard rock lithium holds market advantage over brine producers

The company remains focused on the San Jose Lithium-Tin Project and expects to shortly release a scoping study on the production of lithium hydroxide on site.

San Jose has the potential to be a fully integrated lithium hydroxide production project and hosts the second largest lithium JORC Resource in Europe.

The next stage for Infinity as it drives San Jose forward is to find a strategic partner or enter into a corporate transaction which builds shareholder value.

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Mon, 05 Nov 2018 14:42:00 +1100 https://www.proactiveinvestors.com.au/companies/news/208464/infinity-lithium-reveals-maiden-resource-as-potash-price-rises-50-in-one-year-208464.html
<![CDATA[News - Infinity Lithium makes key European appointment as San Jose project gains momentum ]]> https://www.proactiveinvestors.com.au/companies/news/207716/infinity-lithium-makes-key-european-appointment-as-san-jose-project-gains-momentum-207716.html Infinity Lithium Corporation Ltd (ASX:INF) has appointed Vincent Ledoux-Pedailles as vice president of European Corporate Strategy and Business Development.

This is part of Infinity’s broader locational shift as development continues to be more European and industry focused.

Vincent previously led the lithium and battery materials research team at the US$20 billion (market-cap) global data and information service group IHS Markit (NASADAQ:INFO).

Vincent Ledoux-Pedailles representing Infinity at London Metals Exchange (LME) conference

Infinity recently expanded the lithium hydroxide scoping study at its San Jose Lithium Project in Spain to include further hydroxide as well as lithium sulphate flowsheet development.

The expanded study comes after the company identified the hard-rock resource at San Jose has a natural advantage over brine producers due to a straight conversion process via a lithium sulphate transitional pathway.

READ: Infinity Lithium’s hard rock lithium holds market advantage over brine producers

Infinity managing director Ryan Parkin said: “We are delighted to welcome Vincent to Infinity to spearhead our European investment focus, and engagement with strategic partners.

“With his unique lithium focused background and European base we are certain he will help to drive Infinity and the strategically significant San Jose Lithium Project forward.”

Successful listing on the Frankfurt and Stuttgart Stock Exchange

Infinity is now active on both the Frankfurt Stock Exchange (FRA:3PM) and Stuttgart Stock Exchange (STU:3PM) after successfully completing the German dual listings over the European summer period.

The successful listing on the Frankfurt Stock Exchange and Stuttgart Stock Exchange will provide relevant platforms for European investors with a particular focus on German and Swiss investors.

Importantly, the sophisticated nature of German and Swiss investors in conjunction with progressive European emission policies provides an advantage for the San Jose lithium project.

European electric and ICE (internal combustion engine) vehicle targets

European demand for battery-grade lithium chemicals is predicted to accelerate based on the rapid expansion of cathode manufacturing and battery assembly investments in Europe, driven by the rapid adoption of electric vehicles (EVs) required to align with government EV proposals and emissions targets.

This was highlighted in July 2018 when CATL (SHE:300750) revealed a €240 million investment in a German-based factory as a first phase step into Europe and a €4 billion deal to supply battery cells to BMW.

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Wed, 24 Oct 2018 14:05:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207716/infinity-lithium-makes-key-european-appointment-as-san-jose-project-gains-momentum-207716.html
<![CDATA[Media files - Infinity Lithium's VP of Business Development anticipates ‘significant future supply shortage’ ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10911/infinity-lithium-s-vp-of-business-development-anticipates-significant-future-supply-shortage-10911.html Thu, 18 Oct 2018 15:56:00 +1100 https://www.proactiveinvestors.com.au/companies/stocktube/10911/infinity-lithium-s-vp-of-business-development-anticipates-significant-future-supply-shortage-10911.html <![CDATA[News - Infinity Lithium’s hard rock lithium holds market advantage over brine producers ]]> https://www.proactiveinvestors.com.au/companies/news/207138/infinity-lithiums-hard-rock-lithium-holds-market-advantage-over-brine-producers-207138.html Infinity Lithium Corporation Ltd (ASX:INF) has expanded the lithium hydroxide scoping study at its San Jose Lithium Project to include further hydroxide as well as lithium sulphate flowsheet development.

The expanded study comes after the company identified the hard-rock San Jose resource has a natural advantage over brine producers due to a straight conversion process via a lithium sulphate transitional pathway.

This has delayed the release of the scoping study due to the increased work requirements of detailing operating and capital cost estimates for two separate products.

 

Infinity is advancing its lithium hydroxide study in direct response to the evolving battery chemicals market, with lithium hydroxide demand continuing to grow faster than lithium carbonate.

Most of the recent global investments in lithium chemical plants have been in lithium hydroxide production as lithium-ion battery makers move towards higher-energy density and nickel-rich cathodes.

The company has also identified the European Union and other European countries’ plans to primarily produce electric vehicles as a significant opportunity for San Jose’s development.

Recent investment announcements in lithium-ion battery factories across Europe are a promising sign for Infinity.

Market moving towards lithium hydroxide

Lithium remains the only element in lithium-ion batteries that cannot be substituted and the advancements in battery technologies require high-purity lithium, particularly lithium hydroxide.

The rapid evolution towards nickel-manganese-cobalt cathodes has seen lithium hydroxide as the preferred lithium chemical for cathode production, in addition to nickel-cobalt-aluminium technology that has also moved towards lithium hydroxide.

Infinity anticipates lithium hydroxide to surpass battery-grade lithium carbonate and become the main product consumed in the rechargeable battery market by 2024.

San Jose has an advantageous process route to produce lithium hydroxide using lithium sulphates and benefits from the availability of world-class infrastructure adjacent to the project area.

  READ: Infinity Lithium completes drilling and technical work for San Jose lithium carbonate feasibility

Hard rock lithium resources and the low impurities featured in mineral-based hydroxide is advantageous when selling to cathode manufacturers, compared to suppliers using brines to source raw lithium.

Lithium mineralisation at San Jose is contained within a lithium-bearing mica which can be leached to produce lithium after calcining (roast) with sulphate reagents.

In this process, ore is mixed with a smaller amount of sulphate material and then heated to create a new water-soluble compound.

The use of potassium sulphate has been targeted by Infinity to produce lithium carbonate and battery-grade lithium carbonate has been independently produced using San Jose material and this sulphate pathway.

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Tue, 16 Oct 2018 00:26:00 +1100 https://www.proactiveinvestors.com.au/companies/news/207138/infinity-lithiums-hard-rock-lithium-holds-market-advantage-over-brine-producers-207138.html
<![CDATA[Media files - Infinity Lithium’s processing studies to ‘open doors’ for project financing ]]> https://www.proactiveinvestors.com.au/companies/stocktube/10183/infinity-lithiums-processing-studies-to-open-doors-for-project-financing-10183.html Tue, 21 Aug 2018 12:44:00 +1000 https://www.proactiveinvestors.com.au/companies/stocktube/10183/infinity-lithiums-processing-studies-to-open-doors-for-project-financing-10183.html <![CDATA[News - Infinity Lithium Corporation completes drilling and technical work for San Jose lithium carbonate feasibility ]]> https://www.proactiveinvestors.com.au/companies/news/200562/infinity-lithium-corporation-completes-drilling-and-technical-work-for-san-jose-lithium-carbonate-feasibility-200562.html Infinity Lithium Corporation Ltd (ASX:INF) is progressing the lithium carbonate feasibility study for its San Jose project in Spain, with drilling and field work complete and pit designs being integrated into a financial model.

San Jose is being developed as joint venture between Infinity and Spanish construction and engineering group Sacyr SA (BME:SCYR).

Smaller pit designs

Advancements in technical work towards the feasibility study enable Infinity to earn a 75% interest in the project, after which Sacyr will become a contributing partner for ongoing expenditure.

A range of smaller pit designs have been created based on improvements in geotechnical understanding, allowing for steeper wall angles in final pit designs.

These are being assessed within a financial model and Infinity is confident it can report a pit which is substantially smaller in total surface area of disturbance yet deliver materially comparable economic outcomes without requiring an amendment to the mining licence application.

Growing lithium hydroxide demand

A lithium hydroxide option study was completed by Wave International last quarter, which demonstrated that San Jose can produce lithium hydroxide if desired in response to evolving lithium-ion battery technologies.

The importance of the ability to produce lithium hydroxide has been reinforced with several major lithium industry participants investing to transform Europe into a significant producer of lithium-ion batteries.

Infinity managing director Adrian Byass said: “We can see the market aligning now with opportunities for companies to invest in projects globally.

“It is increasingly important to have flexibility in meeting market demands and to recognise the window for investment is open currently.”

Infinity expects to be able to progress the option study towards a full scoping study in response to the evolving battery technology market.

The San Jose deposit is a highly advanced, previously mined brownfields development, representing one of Europe's largest lithium deposits.

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Wed, 11 Jul 2018 03:36:00 +1000 https://www.proactiveinvestors.com.au/companies/news/200562/infinity-lithium-corporation-completes-drilling-and-technical-work-for-san-jose-lithium-carbonate-feasibility-200562.html