Neometals and Mineral Resources Ship First Load of Mt Marion Lithium to China

THE BOURSE WHISPERER: Mt Marion lithium project partners Mineral Resources (ASX: MIN), Neometals (ASX: NMT) and Ganfeng Lithium Co. Ltd informed the market of the first shipment of lithium concentrates produced at the project in Western Australia.

The companies said the first shipment of 15,000 tonnes of lithium concentrates have been loaded onto the MV Pacific Venus at the Port of Kwinana.

The shipment is bound for the Zhenjiang Port, China where it will deliver the product to Ganfeng.

Neometals and minerals Resources said this first shipment follows commissioning and continued ramp up of production from Mt Marion, which is forecast to produce 400,000 tonnes per annum at full capacity.

“The successful first shipment from Mt Marion is a significant milestone for Neometals and our project partners, and we are proud to have been part of progressing the project from final investment decision to first shipment within 18 months,” Neometals managing director Chris Reed said in the combined ASX announcement.

“Today’s inaugural shipment from Mt Marion is the outcome of hard work and dedication by the construction and operations teams of MRL who have demonstrated our proven ability to safely deliver world class projects in a fast tracked and cost effective manner,” Mineral Resources managing director Chris Ellison said.

“I also congratulate our Mt Marion partners on this important project milestone and thank them for their continued trust and support.”