Lithium Australia enters global strategic battery collaboration
Lithium Australia has gained admission to the coveted Global Battery Alliance, an international collaboration between public and private organisations dedicated to ensuring sustainability in the battery value chain. The company will now have direct access to experts and key participants in the global battery recycling industry, enhancing its aspirations to vertically integrate lithium extraction, production of battery materials and battery recycling.
Founded in 2017, the Global Battery Alliance or “GBA”
consists of 70 groups seeking to speed-up global battery uptake to lower carbon
emissions and to reduce barriers to a circular battery economy.
German car manufacturer Volkswagen, information technology
giant Google, mining titan Glencore and the World Bank Group are just some of
the manufacturers, government groups, non-government organisations and
academics forming the GBA collaboration.
By 2030 batteries may enable 30 per cent of all carbon
emission reductions in the transport and power industries tabled under the
Paris Agreement, in addition to providing power for 600 million people globally,
according to GBA.
The battery value chain would need to grow 19-fold to meet
such aspirations, requiring a sustainable market framework to be developed to
support the growth, GBA says.
According to Lithium Australia, GBA membership will allow it
to advance its own environmental, social and governance or “ESG” objectives
that are designed to ensure ethical and sustainable supply of energy metals to
the battery industry.
Mr Griffin said acceleration of lithium-ion battery use in
electric vehicles and grid-scale energy storage created a “global challenge in
terms of both the supply of battery materials and recycling of the batteries
when spent”.
He said VSPC Ltd, another subsidiary of Lithium Australia
producing advanced cathode powders for lithium-ion batteries, would also
benefit from the efforts of the GBA and its members.
Meanwhile, 60km north-east of Perth in the Julimar district
of WA, Lithium Australia and its joint venture partner Charger Metals are set
to undertake a helicopter-borne electromagnetic survey over their Coates
nickel, copper, cobalt and precious group element project.
Management says aerial electromagnetic surveys have been
successfully used by other companies in the area to identify conductors
prospective for nickel sulphide mineralisation.
Coates lies about 20km from Chalice Mining’s exciting
Gonneville discovery where a drill hole last year returned a bumper 19m hit at
2.6 per cent nickel, 1 per cent copper, 8.4 grams per tonne palladium and 1.1
g/t platinum from 48m.
Chalice says it has since identified 11 high-grade
mineralised zones in a 1.8km-by-0.9km area, with a further 24km of strike yet
to be drilled. Its share price has rocketed from under 20c prior to discovery
to as high as $9.34 recently.
Lithium Australia says Coates shows geological similarities
to Chalice’s ground. It owns a 30 per cent stake in Coates with Charger holding
the balance.
The electromagnetic survey is scheduled to be flown next
month.
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