Investment to be implemented Australian miner Mineral Resources has unveiled plans to set up a new lithium processing hub in the country’s southern region of Goldfields.
The latest development comes after the business entered “into a Binding Heads of Agreement with Poseidon Nickel to acquire the Lake Johnston nickel concentrator plant and tenure,” Mineral Resources said in a statement.
“The acquisition aligns with the strategy to process fines from MinRes’ Bald Hill and Mt Marion lithium operations, new discoveries made by MinRes in the region and third-party ore in exchange for project equity,” according to the statement. “Lake Johnston is a nickel concentrator plant with a flotation circuit that has front-end capacity of 1.5 million tonnes per annum and is capable of being converted to treat lithium ores, including dense media separation fines.”