Neometals to ship first spodumene in October

Neometals {ASX: NMT} have announced that the first shipment of spodumene concentrate from the Mt Marion mine, 40km south-west of Kalgoorlie-Boulder, is set to depart Fremantle next month bound for lithium processing plants in China.

 

Neometals {ASX: NMT} have announced that the first shipment of spodumene concentrate from the Mt Marion mine, 40km south-west of Kalgoorlie-Boulder, is set to depart Fremantle next month bound for lithium processing plants in China.

 

The product, the equivalent of about 6 per cent lithium, will be delivered to Mt Marion co-owners Ganfeng Lithium (43.1 per cent), which builds batteries out of Jiangxi province and recently branched out into manufacturing electric cars.

 

Mt Marion, jointly owned by Chris Ellison’s Mineral Resources (43.1 per cent), and Neometals (13.8 per cent), will beat Galaxy Resources to market after its first shipment via Esperance from the revamped Mt Cattlin mine near Ravensthorpe was delayed until December.