Battery Recycling Hub Engineering Cost Study Results

HIGHLIGHTS

• Successful completion of the Engineering Cost Study (ECS) for the hydrometallurgical refinery (Hub) section of a 21,000tpa (~50tpd) Primobius lithium-ion battery (LiB) recycling facility;
• The Hub refines Black Mass1 produced from Primobius shredding (Spoke) plant, producing crystalline nickel, cobalt and lithium products, amongst others, for use in making new LiBs;
• Hub ECS total capital costs of 274M (including 15% contingency) and annual operating cost of 56M have been estimated to +/-25% accuracy;
• Fully integrated Spoke2 and Hub capital cost are estimated at 377M3, with annual operating costs estimated at 83M3 or 3,9733 per tonne of LiB fed into the Spoke per annum;
• Lithium product is the largest revenue stream and expected to be lowest cost quartile; and
• Hub ECS completion allows Primobius to demonstrate the economics of its integrated LiB recycling plant packages to existing customers, partners and new customers.

To read the full ASX announcement, please click here.