Lithium Australia’s Centrex Signs MOU with Agriflex to Pursue LFP Battery Market Opportunities

Release Highlights:

• Lithium Australia is pleased to announce that Centrex’s subsidiary Agriflex has entered into a Non-Binding Memorandum of Understanding (MOU) with Lithium Australia to explore growth opportunities in the LFP battery market.
• The MOU outlines plan for Lithium Australia to build a demonstration plant in Queensland with a capacity of 250tpa of LFP or LMFP, requiring 200-300tpa of phosphoric acid from Agriflex. If successful, this will lead to a commercial plant with a capacity of approximately 25,000tpa of LFP or LMFP.
• Agriflex aims to leverage Ardmore’s high-grade, low-impurity phosphate resource to produce phosphoric acid for Lithium Australia’s LFP and LMFP production, with both parties working towards a conditional binding offtake agreement.