Eye on Lithium: New chinese battery to DOUBLE your EV travel distance next year
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All your lithium news, Thursday May 25.
Ever since neurologist and part-time runner Roger Bannister broke the four minute mile at the 1952 Helsinki olympics, humanity has been looking for a new hero, a new record to break. It’s only taken us 71 years, but it looks like the stars have aligned to celebrate a new milestone the world can be proud of.
It comes in the form of Chinese battery maker Gotion High Tech – who boasts Volkswagen as one of its customers – with the unveiling of its new L600 lithium-manganese-iron-phosphate (LMFP) Astroinno battery that will ostensibly enable a range of 1,000km on a single charge, with NCM (nickel-cobalt-manganese chemistry).
That’s well above today’s standards, as the majority of today’s EV batteries are only capable of less than half that distance.
And, if that doesn’t already get your juices flowing, the company reckons the potential lifespan of the battery cells is about 4 million km.
You’d have to go through more than 13 cars that all hit 300,000km on the clock before you’d need to replace it.
Here’s a fairly boiled cabbage, but interesting for the battery nerds, promo.
Gotion Global executive president Cheng Qian said the Astroinno L600 LMFP cell achieves 240 Wh/kg in gravimetric energy density and 525Wh/L for volumetric energy density.
It can achieve more than 4,000 cycles at room temperature and 1800 cycles at high temperature, easily achieves 18 minutes of fast charging, and passes all safety tests.
“Because of the high energy density of Astroinno battery, we can also achieve a range of 1,000km without relying on NCM (lithium nickel manganese cobalt oxides) material.”
A big, low-density country like Australia sure could use this kind of range boost.
Oh, did we mention the company is also building a massive battery factory and creating 2,350 jobs in Big Rapids, Michigan, US, worth $2.36 billion?
Well, now you know that too.
32 lithium stocks rose above yesterday’s close today, 52 lay flat and 64 went into the red.
Here’s a selection of today’s lithium movers and shakers.
Pilbara-focused gold and lithium explorer NAE is getting scientific in how it looks for pegmatite-bearing outcrops at its hard rock lithium projects in the central Pilbara.
The company collected 5,300 samples on 200m x 200m grids over a number of LCT (lithium, caesium, tantalum) target areas at the projects and submitted them to LabWest for analysis as part of CSIRO’s Ultrafine+ NextGen Analytics project.
3,420 samples were identified to contain lithium, 789 at Bullock Well and 2,631 at Quartz Hill.
Of these, multiple high priority pegmatite targets were identified for follow up drilling with lithium values ranging from 100 parts per million (ppm) to 843ppm.
NAE executive director Joshua Wellisch said that the detailed analysis is further confirmation of the exceptional potential of both Bullock Well and Quartz Hill to host high-grade, hard rock lithium mineralisation.
“The results demonstrate the technology and exploration methods the team is utilising are highly effective in the project terrain,” Wellisch said.
“The targets generated are a very exciting advancement in particular given their location on the edge of the granite margin hosting Wodgina, Mt Francisco and Pilgangoora.
“We look forward to continuing the exploration at these projects with a maiden drill programme in the upcoming Pilbara field season.”
NAE’s projects are surrounded by world-class lithium mining operations such as Pilgangoora and Wodgina, as well as De Grey’s Hemi gold deposit.
Welcome to the ASX, Augustus.
AUG listed this morning following a $10m IPO with a 3,600sqkm endowment in the Gascoyne mining region of WA.
The company was an early mover into the region and it has a stack of high priority, REE and copper targets to test with extensive drilling campaigns on the horizon.
“The interest and activity in the Gascoyne region geologically is backed by at least a dozen companies actively exploring, with several of them embarking on major drill outs to define and increase Mineral Resources from recent discoveries,” AUG MD Andrew Reid said.
Sayona’s (ASX:SYA) earn-in partner Morella has intercepted significant pegmatite at its 51% owned Mallina lithium project in the WA Pilbara.
The program drilled 35 holes totalling 2,200m – six of which hosting spodumene more than 10 metres in width, and 18 showing visible pegmatites.
“The completion of this drill program at Mallina has confirmed the project’s potential to deliver a significant hard rock lithium discovery,” Morella Managing Director James Brown said.
“This program has significantly enhanced Mallina’s appeal due to the favourable thickness of the pegmatites, combined with their relatively shallow depths.”
Brown is no stranger to lithium exploration and development in the Pilbara, having a hand in Altura’s Pilgangoora lithium project that is now owned and operated by Pilbara Minerals (ASX:PLS).
Assays from the program are expected to come out before the end of June.
At Stockhead we tell it like it is. While New Age Exploration is a Stockhead advertiser, they did not sponsor this article.