Neometals (ASX:NMT) and its partners have confirmed the departure of a second lithium concentrate shipment from the Mt Marion Lithium Project in Western Australia.
The 16,662 tonne shipment containing concentrate at +6% and +4% lithium oxide departed from the Port of Kwinana on 14 March, 2017 enroute to Ganfeng’s receiving facility at Zhenjiang Port, China.
This shipment follows the maiden shipment of 15,000 tonnes which departed on 6 February, 2017.
The next shipment of 18,000 tonnes of concentrate is expected to be loaded early April.
The Mt Marion Lithium Project is owned by:
- 43.1% Mineral Resources (ASX:MIN);
- 43.1% Ganfeng Lithium; and
- 13.8% Neometals.
Minerals Resources is the project operator and Australia’s largest contract minerals processor.
Ganfeng is China’s leading, most profitable lithium producer and has secured a life-of-mine, take-or-pay off-take agreement for Mt Marion.
Neometals’ strategy is to grow market cap by maximising return from existing operations, increasing margins via higher value downstream products and developing growth options.