Testing by independent German battery mineral consultancy Dorfner ANZAPLAN has shown that graphite from Evion’s Maniry project in Madagascar is highly suitable for lithium batteries.

Advanced testing returned results fixed carbon grades of up to 99.99% – that’s well above the 99.95% fixed carbon grades adopted as a standard benchmark by battery anode manufacturers.

Evion Group (ASX:EVG) says the results support their strategy to establish a standalone downstream graphite processing business to supply the lithium battery industry in Europe. 

Cost effective and environmentally friendly process

The test work used proven technology without hydrofluoric acid (HF), highlighting its status as a greener form of purified graphite. It also demonstrated low reagent consumption and low power requirements, which will result in materially lower operating costs.

“The results show Maniry graphite is perfectly suited for use in lithium batteries and can be processed into the required form using an environmentally-friendly process which also requires less energy than more conventional processes,” MD Tom Revy said.

“We will feed these results into the scoping study on the processing plant we are proposing to build in Europe.

“This plant will supply processed graphite as a feedstock to the battery anode makers.”

Scoping study for European plant underway

The recently completed Maniry Definitive Feasibility Study found the project will be technically robust and deliver strong financial returns.

Evion now has a scoping study underway on a downstream graphite processing plant in Europe, where it would supply feedstock for battery anode manufacturers.

Notably, these latest test results come just days after the company signed a non-binding offtake agreement with Urbix Resources Inc, USA under which Evion would provide 15,000Mtpa of product from Maniry to feed Urbix’s early-stage production of anode material for the EV industry.

The agreement would account for ~40% of Maniry’s initial production, leaving sufficient product to also supply Evion’s proposed processing plant in Europe.

 

This article was developed in collaboration with Evion Group Limited (ASX:EVG), a Stockhead advertiser at the time of publishing.

This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

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