Perth, Western Australia, Thursday February 9, 2012
Location for Minerals Conversion Plant
Talison Lithium Limited (“Talison” or the “Company”) (TSX: TLH | US: TLTHF) has selected the Kwinana Industrial Area in Western Australia as the location for its proposed plant to convert lithium minerals into lithium carbonate (“Minerals Conversion Plant”).
Location for Minerals Conversion Plant
Talison Lithium Limited (“Talison” or the “Company”) (TSX: TLH | US: TLTHF) has selected the Kwinana Industrial Area in Western Australia as the location for its proposed plant to convert lithium minerals into lithium carbonate (“Minerals Conversion Plant”).
The Kwinana Industrial Area is located approximately 40km south of Perth and 200km north-east of the Greenbushes Lithium Operations. It is one of the largest dedicated industrial areas in Western Australia and comprises a range of industries including fabrication and construction facilities, power stations, waste water plants, chemical manufacturers and alumina, nickel and oil refineries.
Talison selected the Kwinana Industrial Area as its preferred location for the Minerals Conversion Plant due to the synergies between the lithium carbonate plant and the surrounding industries; the proximity to water, reagents and energy supply; access to skilled labour; potential customers for by-products located in the vicinity; and close location to Fremantle Port for container exports.
Talison is currently finalizing tenure arrangements for its preferred site in the Kwinana Industrial Area and anticipates commencing environmental and regulatory approval processes shortly thereafter. An investment decision on the project is expected by the end of calendar 2012 and Talison is targeting commissioning in 2015.
Location of the proposed Minerals Conversion Plant in the Kwinana Industrial Area
Talison and Mitsui sign Memorandum of Understanding
Talison and Mitsui & Co., Ltd (“Mitsui”), a leading Japanese trading firm with significant involvement in the lithium-ion battery market, have entered into a Memorandum of Understanding to discuss on a non-exclusive basis collaborative marketing and distribution opportunities in Japan for lithium carbonate produced by Talison at its Minerals Conversion Plant.
Japan is one of the world’s largest markets for lithium-ion batteries and lithium chemicals, and there are potential opportunities for Talison and Mitsui to work together to provide an additional secure supply of lithium chemicals to customers in this market. The Memorandum of Understanding provides a framework for Talison and Mitsui to discuss collaboration opportunities on a non-binding basis and is valid for an initial period of 12 months.
Financial Results Release February
Talison will release its financial results for the fiscal second quarter 2012 before market open on Monday, February 13, 2012. An investor conference call will be held at 8:30 a.m. EST. Peter Oliver, Chief Executive Officer and Managing Director, and Lorry Mignacca, Chief Financial Officer, will host the call.
Investors in North America interested in participating in the live call should dial +1 (800) 299 8538 and enter passcode: 27020177. Those calling from outside North America should dial +1 (617) 786-2902 and use the same passcode. A telephone replay will be available approximately two hours after the call concludes through Monday, February 20, 2012 by dialing +1 (888) 286-8010 from North America, or +1 (617) 801-6888 from outside North America, and entering passcode: 44937066.
There will also be a simultaneous live webcast and presentation used during this call that will be available on the Company's website at www.talisonlithium.com.
To view the entire press release please visit: 2012-01-25 Talison Lithium Ltd. Press Release
