Rapidly growing market
EU electric vehicle sales growing rapidly – 137% increase year-on-year in 2020
18x growth in European LCE demand estimated by 2030
Europe estimated to be the world’s 2nd largest lithium battery manufacturing base by 2024/2025
Timing and scale
The Barroso Lithium Project is Europe’s most ‘’shovel ready’’ Project to produce lithium spodumene – preferred feed for
Lithium hydroxide production & the latest lithium-ion batteries
Lithium production equates to ~0.5m EV battery packs per annum
Carbon neutral
Target to be carbon neutral
Sourcing 100% renewable power
Electric mining fleet
Value opportunity
Very attractive valuation metrics vs. peer group
Offtake & investment interest to be turned into formal agreements
EIA approval and completion of DFS
Project development and early European production