EcoGraf (ASX:EGR) -
Source: EcoGraf
Market Herald logo

Subscribe

Be the first with the news that moves the market
  • Ecograf (EGR) has pinned down costs and production estimates for its modular recycling pilot plant in Western Australia
  • A scoping study completed by GR Engineering estimated the pilot plant’s capital cost at $5.8 million
  • The facility is set to use Ecograf’s “HFfree process”, which seeks to recover carbon battery anode material from production waste
  • A pilot plant is hoped to boost the commercial and technical viability of the project amid increased recycling battery mandates
  • Ecograf shares are up 1.01 per cent to trade at $1.01 at 11:32 am AEST

Ecograf (EGR) has pinned down costs and production estimates for its modular recycling pilot plant in Western Australia after completing an engineering scoping study.

The capital cost associated with the company’s planned lithium-ion battery anode recycling pilot plant is expected to total roughly $5.8 million, based on a study by GR Engineering.

Process plant, equipment purchase and construction direct costs are forecast at around $4 million, with the remaining $1.8 million representing “indirect” costs.

The facility will use Ecograf’s “HFfree process”, which seeks to recover carbon battery anode material from production waste to produce battery materials.

According to EGR, the pant will operate as a standalone facility with throughput rates based on a single shift, five-day operating week.

The pilot plant is hoped to demonstrate purification flowsheet capability, and provide customers with product sample volumes for technical and commercial assessment.

Ecograf affirms the plant could also provide a “customised solution to support new legislation from the EU Commission that demands increased battery recycling”.

Looking ahead, EGR said it was developing work programs with potential partners to support the plant.

Ecograf shares were up 1.01 per cent to trade at $1.01 at 11:32 am AEST.

EGR by the numbers
More From The Market Herald
The Market Herald Video

" Gold Road Resources (ASX:GOR) to acquire remaining DGO Gold (ASX:DGO) shares

Gold Road Resources (ASX:GOR) will acquire the remaining shares in DGO Gold (ASX:DGO).
The Market Herald Video

" Challenger Exploration (ASX:CEL) confirms MRE growth potential at Hualilan

Challenger Exploration (ASX:CEL) has received results from the first drillholes completed after the recent mineral resource…
The Market Herald Video

" Australian Mines (ASX:AUZ) raises $711k for Sconi activities

Australian Mines (ASX:AUZ) has raised almost $711,000 from an entitlement offer to fund activities at its…
The Market Herald Video

" Power Minerals (ASX:PNN) completes phase one drilling at Santa Ines

Power Minerals (ASX:PNN) has recently completed phase one drilling at the Santa Ines copper-gold project in…