King River Resources Joins $120 Million Future Battery Industries Cooperative Research Centre
Earlier this week, King River engaged Como Engineers to undertake the definitive feasibility study (DFS) for an HPA Type 1 Precursor Processing Plant to produce a 5N purity aluminium precursor compound.
King River Resources Ltd (ASX:KRR) has signed a participant agreement with the Future Battery Industries Cooperative Research Centre (FBICRC) to support two strategic projects:
- Cathode Precursor and Active Materials Production Pilot Plant, and
- Development and application of Vanadium Redox Flow Batteries
FBICRC
Headquartered in Perth, the FBICRC has an ambitious six-year, research and development program targeting all segments of the battery value chain: the policy and governance framework for battery industries; the processes for extraction, refining and processing of raw materials and advanced battery component materials, and their recycling; and the testing, manufacture and deployment of battery components and system
The FBICRC has a portfolio of 17 research and development projects which span the battery value chain and bring together 70 industry participants.
These include major corporations such as BASF, BHP and IGO, the federal government, four state governments (WA, QLD, SA and NT) and eight research partners with a combined value in excess of $120 million over six years.
“Unlocking the value in Australia’s mineral wealth”
King River directors said: “Directors are excited to see the joint industry participation and opportunity the FBICRC presents assembling such a high calibre team.
“Unlocking the value in Australia’s mineral wealth by processing and adding value here rather and simply exporting raw materials presents unprecedented growth opportunities for Australian companies.”
HPA Type 1 Precursor Processing Plant DFS
Earlier this week, King River engaged Como Engineers to undertake the definitive feasibility study (DFS) for an HPA Type 1 Precursor Processing Plant to produce a 5N purity aluminium precursor compound.
Work on the DFS for a 2,000 tonnes per annum HPA Type 1 Precursor Product Processing Facility will start immediately and is expected to be completed by early May 2022.
The 5N (≥99.999%) compound will be produced utilising the ARC HPA Process from an aluminium chemical compound feedstock.
www.proactiveinvestors.co.uk
