The Clean Energy Finance Corporation (CEFC) is investing around $20 million into a project producing lithium concentrate – an essential component in electric vehicles and battery storage.
Located about 120km south of Port Hedland in Western Australia, the Pilgangoora open pit lithium mine will produce lithium concentrate that can support a full range of lithium products used in products such as lithium batteries.
Lithium is a vital component in battery storage. Increasing the supply of lithium will help to drive the uptake of clean energy technologies, such as electric cars and battery storage.
This is the Government’s first investment in a mining project of its kind in Western Australia.Construction of the mine is expected to commence in early 2018.