Primobius – Engineering Cost Study For First Stage Of 50 Tpd Recycling Plant

Note that this first stage (Spoke) only covers recycling Cobalt and Copper foil

Costs of 1st stage came in at US $1400 t with capital cost of over US $100m.

Looks like the first stage study wasn't well received by the market. Maybe the Capex is a bit high and will feed through to the Hub model study due in December 22 when we will get the real picture..

[held]

LIB Cost Study to be delivered in two parts

• Primobius’ Engineering and Cost Study for a 50tpd lithium-ion battery shredding ‘Spoke’expected end of July 2022 and refinery ‘Hub’ study in Dec Q2022;

• Cost study delays due to Primobius’ focus on ramp-up of its Hilchenbach Spoke operation and engineering obligations associated with the Mercedes/LICULAR and Stelco agreements

• Completion of front-end engineering will precede the offer of equipment supply agreements for both 10tpd Mercedes/LICULAR and 50tpd Stelco Spokes in December 2022

This is linked from the London Stock Exchange but there is also a corresponding ASX announcement.

Wanted to add that there is a scoping study of the same process (LiB-R) to correct the comment in the last straw which has the NPV, Payback and IRR figures. I haven't really looked close but I think it assumes a 10 year project life.

You have to go back to 2019 to find the announcement

Ok, it is out of date given the recessionary/high inflation/short energy environment, especially in Germany and maybe they should do an updated one. But NMT constantly reassures us their hydrometallurgical process (did I get that right?) is much less energy intensive than conventional methods.

And to get an appreciation of the (very) long timeline up to this current point

Yes I hold in real portoflio (I got in late after the WIN dermerger) but not in strawman.