Inactive Instrument

Allkem

Equities

AKE

AU0000193666

Allkem Limited Announces Production Results for the December Quarter of 2021

January 18, 2022 at 09:43 am EST

Allkem Limited announced production results for the December quarter of 2021. Production for the December quarter was 3,644 tonnes up 30% and down 2% from the previous corresponding period. 51% of the quarter's production was battery grade lithium carbonate, in line with production targets.

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Company Profile

Allkem Limited is a specialty lithium chemicals company with a global portfolio of lithium chemicals. The Company is principally engaged in mineral extraction, production, and chemical processing. The Company's segments include Olaroz, Mt Cattlin, James Bay, Sal De Vida projects, and Corporate. Its flagship Olaroz brine-based lithium facility is based in Northern Argentina and supplies lithium chemicals across the globe. The Mt Cattlin spodumene project (Mt Cattlin) produces spodumene concentrate utilizing conventional techniques to extract and process the resource. This wholly owned project is located two kilometers (km) north of the town of Ravensthorpe in Western Australia. The James Bay Project is located in northern Quebec, approximately 130 km east of James Bay and the Cree Nation of Eastmain community. Sal De Vida project is a tier one brine project, which is located in Catamarca Province on the Salar del Hombre Muerto. Its other project includes Cauchari mineral resource.

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