Avenira Limited signed a non-binding MOU with Advanced Lithium Electrochemistry Ltd. and the Northern Territory (NT) Government to investigate and work towards the development of a Lithium Iron Phosphate (LFP) battery cathode manufacturing plant in Darwin, Australia, leveraging Avenira's Wonarah Phosphate Project. The NT Government has recognised the potential to leverage the natural resources in the Northern Territory and is marketing itself as a stable supplier of critical minerals. With the Wonarah Project working towards the production of phosphoric acid, and the availability of other abundant battery metals such as lithium and iron in Australia, the next step of producing LFP cathode material is a logical value-add for all parties.

The NT Government has indicated as part of the MOU that it will work proactively with Aleees and Avenira to assist and advise where appropriate in relation to necessary infrastructure including water, energy, power, telecommunications, road, port and rail access and service requirements. Avenira has engaged global engineering firm Bechtel to perform a Scoping Study of a Battery Grade Phosphoric Acid Plant and a Battery Grade Lithium Iron Phosphate Powder Plant (LFP). Both plants will source phosphate from the premium grade Wonarah phosphate deposit in the Northern Territory.