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Prospect Resources announces Sinomine commences construction of Hydroxide Plant

SINOMINE COMMENCES CONSTRUCTION OF BATTERY GRADE LITHIUM HYDROXIDE PLANT AND EXPANSION OF ITS EXISTING BATTERY GRADE LITHIUM CARBONATE PLANT

Highlights  

  • Prospect’s offtake partner, Sinomine, has commenced construction of new chemical plants that will significantly increase its production of:
            - Battery grade Lithium Hydroxide to 15,000tpa; and
            - Battery grade Lithium Carbonate from 6,000tpa to 16,000tpa

  • Phase 1 is the construction of the Lithium Hydroxide plant, with completion expected by August 2020
  • Prospect’s offtake agreement with Sinomine represents approximately 64% of the supply required to meet Sinomine’s Lithium Hydroxide production requirements

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