AEV - Avenira Limited

[frugal.rock]

December comp' pick.

"The mining FEED Study is due to be completed in November 2022 and the revised Mine Management Plan is currently expected to be completed in December 2022."
(mining front-end engineering design (FEED) study)

Haven't had a feed yet.

 

[frugal.rock]

QUARTERLY ACTIVITIES REPORT
FOR PERIOD ENDING
31 DECEMBER 2022

Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide its Activities Report for the quarter ending on 31 December 2022 (“the Quarter”).

Highlights

• Feasibility Study for the Wonarah DSO Phosphate Project is well advanced,
with the results of the Study to be announced in the March quarter.

• Other aspects of the DSO Phosphate Project including customer offtake,
heritage, approvals, logistics, and contract mining procurement are all
progressing concurrently, with a view to commencing the DSO Phosphate
Project in as soon as practical once the Feasibility Study is completed and
Financial Investment Decision (FID) is made by the Board.

• Phosphate prices continue to be strong, with reference 32% phosphate prices remaining steady at around US$300 per tonne1.

• Review of the exploration drill hole database has revealed several potential
high-grade extensions at Wonarah.

• Global engineering consultant has completed the technology and operational scope of the Avenira LFP Plant Scoping Study. Avenira is evaluating the
commercial aspects of the project to complete the scoping study for the LFP
manufacturing plant.

• LFP chemistry continues to gain traction as the preferred chemistry in the battery cathode market, with the LFP cathode forecast to be the preferred cathode chemistry making up 39% of the cathode market in FY232.


Absolute bargain at the moment in my opinion only, which is why I've entered it for February comp.
NOT A LOT OF CASH HELD THOUGH, SO CR MUST BE IMMINENT.

 

[frugal.rock]

Higher highs/lows on the longer term chart. Still holding some of this in the bottom drawer.

 

[frugal.rock]

Looks like the buy switch was flicked on around half 11.
Majority of trade is on the ASX

 

[frugal.rock]

ASX ANNOUNCEMENT
ASX:AEV
26 September 2023

Avenira Executes Binding Agreements with
Technology Partner Aleees

Avenira Limited (ASX: AEV) (‘Avenira’ or ‘the Company’) is pleased to announce that it has entered into formal agreements with its technology partner Advanced Lithium Electrochemistry Ltd (‘Aleees’) (TWSE: 5227) granting Avenira with the right to use Aleees’ intellectual property for the manufacture and global distribution of Lithium Ferro Phosphate (LFP) cathode active material.

The two agreements, a License and Technology Transfer Agreement and a Subscription Agreement, were signed in Darwin in front of Northern Territory Chief Minister, Natasha Fyles and set out the terms for Avenira’s use of the technology for its LFP Battery Cathode Manufacturing Plant in Darwin.

The formal agreements follow the signing of a non-binding MOU with Aleees in September 2022 to work towards the development of a Lithium Iron Phosphate (LFP) battery cathode manufacturing plant in Darwin using Avenira’s flagship Wonarah Phosphate Project1

. Taiwan-based Aleees is a globally recognised LFP battery material manufacturer and one of the few companies outside China with complete LFP cathode material manufacturing capability and patents forelectric vehicle and energy storage systems.

Aleees has deep industry connections with offtakers in Asia and will provide management support during the development and operations of the LFP Plant.

Avenira and Aleees are working closely with the Northern Territory Government to establish Avenira’s proposed LFP Plant in Darwin’s Middle Arm Sustainable Development Precinct.
The Avenira-Aleees relationship has the support of a three-way MOU with the NT Government2, under which the Northern Territory Government has committed to work proactively with Avenira and Aleees to assist and advise where appropriate in relation to necessary infrastructure including water, energy, power,
telecommunications, road, port and rail access and service requirements.

 

[frugal.rock]

ASX 19/10/2023

Wonarah DSO Project Feasibility Study Delivers Strong Financial Results

Avenira Limited (Avenira or the Company) is pleased to announce the results of the feasibility study for the Company’s 100% owned Direct Shipping Project (DSO Project), underpinned by an updated Wonarah Mineral Resource Estimate based on a 27% P2O5 cut- off grade (Feasibility Study).

The DSO Feasibility Study results demonstrate the strong economics of the DSO Project,
with limited capital investment and attractive operating margins, particularly in the current
global phosphate price environment.
This favourable backdrop enables a short payback period and supports the technical and
financial capacity for the DSO Project to generate early-stage cash flows to support and part-fund the development of the Company’s downstream ventures.
The DSO Project has been designed as a short-term operation to leverage favourable global phosphate prices.
Avenira intends to review the opportunity to extend the planned mine schedule if market demand for phosphate remains strong.

HIGHLIGHTS

 Resource Development: DSO Feasibility Study focuses on the development, extraction and sale of Mineral Resources from the Arruwurra Phosphate mineral body at Wonarah, over a 23 month period.1

 Substantial Mineral Resource: Mineral Resource Estimate of 66Mt at 30% P2O5, with sufficient Resources to support the DSO Project over the current mine plan2.

 Mine Plan Extension Potential: Opportunity for mine plan extension and further upside to the DSO Project’s economics if the global phosphate price remains high.

 Simple Operation and Process Flow Sheet: DSO Project is a low technical risk, simple open pit mining and crushing operation, with a process flow sheet that does not require wet beneficiating. It aims to produce 836kt of saleable phosphate product over a 23 month period.

 Short Payback Period: Low pre-production Capex of A$11.5 million enables a short 14-month payback period.
3

 Cash Flow for Downstream Development: Total free cash flows of A$27.3 million
generated over 23 months to support the funding and development requirements of
Avenira’s downstream ventures, including its Lithium Ferro Phosphate, Thermal Phosphoric Acid and Yellow Phosphorous projects.

 Structural Tailwinds: Intended to leverage the structural demand-supply shortfall in
prevailing phosphate rock and downstream fertiliser markets that have seen prices increase substantially over the past year.

 

[frugal.rock]

 

[frugal.rock]

23 November 2023

Update on Avenira and Technology Partner Aleees Arrangements and
Work on LFP Project

Avenira Limited (ASX: AEV) (“Avenira” or “the Company”) is pleased to provide the following update with respect to its partnering with the technology provider, Advanced Lithium Electrochemistry Ltd (“Aleees”).

On 26 September 2023, Avenira and Aleees executed a binding Licence and Technology Transfer
Agreement (“the Agreement”) granting Avenira the right to use Aleees’ intellectual property for the manufacture and global distribution of LFP cathode active material from the Company’s proposed LFP battery cathode manufacturing plant to be developed in Darwin, using Avenira’s flagship Wonarah
Phosphate Project (the “LFP Project”).

Taiwan-based Aleees is a globally recognised LFP battery material manufacturer and one of the few
companies outside China with complete LFP cathode material manufacturing capability and patents for electric vehicle and energy storage systems.
Aleees has deep industry connections with offtakers in Asia and will provide management support during the development and operations of the LFP Project.
Since September 2023, a number of workstreams have commenced.
The Aleees basic process design has been completed including completion of basic engineering process data, equipment process design and specifications, process flow, materials balance and energy balance. Avenira and Aleees are also continuing to work closely with the Northern Territory Government to finalise site-specific requirements at Darwin’s Middle Arm Sustainable Development Precinct, the proposed site for Avenira’s LFP Project.

Working closely with Aleees, Avenira has commenced discussions with a number of global car manufacturers seeking supply of Lithium Ferro Phosphate (LFP) cathode active material. Aleees has provided valuable technical support to these discussions.
Avenira and Aleees have also agreed to extend the time for payment of the first US$2 million licence fee due under the Licence and Technology Transfer Agreement1, with US$500,000 to be paid on or before 24 December 2023, US$750,000 on or before 31 March 2024 and the balance US$750,000 payable by 30 June 2024.
This aligns with timing for work at Wonarah, and in relation to the Middle Arm site, to be advanced in preparation for commencement of activities by Aleees that will inform the LFP Project feasibility study.

Commenting on the Aleees relationship, Executive Chairman Brett Clark stated:

“Our recent engagement with global car manufacturers has validated our selection of Aleees as our technology partner. It has also highlighted, very clearly, how important LFP is in the selection of batteries for the electric vehicle industry in the next few years. LFP chemistries are forecast to take an increasing share of the battery market for the electric car and light vehicle sector2. Avenira aims to capture a meaningful share of the ex-China market for LFP.”

Industries

Any industry located at The Precinct must meet high environmental standards and conditions, use the most up-to-date technology and ensure its processes and products align with strong sustainability and design criteria

middlearmprecinct.nt.gov.au

 

[frugal.rock]

Quite a few ducks lined up here already.
I note Fortescue subsidiary wants a piece of the NT Middle Arm precinct also, which gives me a bit of confidence any "environmental" resistance may be allayed.
Good for NT and good for Aus.
These things are going to be needed for the "green" future, some of them can be here in Aus.

Entry for Jan comp.
Not expecting it to pop, but you never know. A lot has changed with the company lately in the way of large investors. Hopefully that turns out to be good.
Chart sideways, largely consolidators and hanging around support and resistance.
Fingers crossed