Name of the Project
Townsville lithium-ion battery plant.

Location
Townsville, Queensland, Australia.

Client
iM3 Townsville, a subsidiary of Imperium 3, a consortium comprising equal shareholders Magnis Resources, Charge CCCV and Boston Energy & Innovation (BEI).

Project Description
The proposed project entails the construction of a 15 GWh lithium-ion battery plant.

Potential Job Creation
According to BEI, the project will create about 1 000 direct jobs in the manufacturing facility and an additional 1 000 new jobs in the direct support businesses, with up to 5 000 new jobs in downstream original-equipment manufacturing.

Net Present Value/Internal Rate of Return
Not stated.

Value
The project is estimated at A$2-billion.

Duration
Not stated.

Latest Developments
iM3 Townsville has formally received government approvals for the A$3.1-million grant supporting the feasibility study into
the establishment of the lithium-ion battery plant.

The feasibility study for the manufacturing plant started following the agreement to fast-track development in June this year.

Initial work has focused on the selection of equipment vendor partners and the development of the manufacturing design concept.

In parallel, Townsville City Council has been compiling site information, and discussions with major infrastructure providers and funders have started.

From this work, iM3 Townsville has compiled a project description report that backgrounds key project details, including site specifications, battery product specifications and the manufacturing process concept.

The feasibility study is expected to be fully completed in the first half of 2019.

A final investment decision is expected to be made by mid-2020.

Key Contracts and Suppliers
Probuild (feasibility study lead construction partner).

On Budget and on Time?
Too early to state.

Contact Details for Project Information
Magnis Resources, tel +61 2 8397 9888.
Charge CCCV, tel +1-607224 2225 or email support@c4v.us.