Litherium follows the Giant step of Elon Musk’s new energy strategies in Western Australia
Litherium Australia Mining is a professional mineral exploration and mining broker service company headquartered in Western Australia that seeks new energy-related mineral resources for global mining developers. In 2021, with the support of SMK Partners & Associate, the group issued the Litherium token (LITH).
Litherium Australian Mining successfully acquired a strategically important nickel sulphide mine on January 8, 2022. The new tenement (E69/3371) is located in Rawlinna, Western Australia’s southern region, near the Kalgoorlie main mining site, and is also one of the mining belts in which Nickel West, a subsidiary of BHP Billiton, is located.
Australia has the world’s largest nickel reserves(24%), estimated to be 19 million tonnes. Western Australia is currently Australia’s sole nickel producer. The state’s nickel resources include nickel sulphide ore and laterite nickel ore, and most of the output comes from nickel sulfide ore.
The first major nickel sulphide deposit in Western Australia was discovered at Kambalda, just 400 kilometres from the newly acquired tenements by Litherium Australia Mining. Litherium Australia Mining laid out nickel sulphide mines on new mining rights as early as 2015. The group’s foresight of energy development trends enables it to quickly grasp the general trend of new energy development and aid in the development of new energy in Western Australia.
The new tenement is located near the large Kalgoorlie exploration area, which is home to world energy tycoons such as BHP, Rio Tinto, and Fortescue Metals Group (FMG).
BHP began acquiring a large number of mineral rights in this area in 2019 and vigorously deployed nickel ore energy reserves.
With the implementation of the global decarbonization concept, low-carbon and environmentally friendly new energy vehicles have gradually gained prominence, and market demand for lithium batteries used in automobiles has risen tremendously. According to the Deloitte research report, the global lithium battery market demand is expected to reach 122.3 billion watt-hours in 2025. The price of lithium battery raw materials continues to rise, the lithium battery sector is growing rapidly, and the development of new energy is unstoppable, with nickel sulphide as the primary raw material ushering in a new era. Nickel is an indispensable raw material in the manufacture of ternary lithium batteries.
In general, the higher the nickel content, the higher the energy density of the battery cell, thereby improving the cruising range of electric vehicles. Nickel resources are relatively scarce when compared to lithium. It is also a hot spot for new energy companies to improve their layout and competition.
Tesla, a world-renowned sustainable energy company, has urged global nickel miners to increase their mining volumes, according to Reuters.
Reuters also quoted sources as saying that Tesla could finance the project, possibly in exchange for equity. All of the above show Tesla’s favour and desire for high-nickel battery materials.
Since then, Tesla has signed major contracts for nickel ore with many mining companies around the world, such as Prony Resources, Giga Metals, Talon Medal, etc.
On July 22, 2021, Tesla and BHP signed a nickel supply agreement. Nickel West, a subsidiary of BHP, supplies Tesla with nickel as a raw material for battery manufacturing. Tesla is a globally recognized manufacturer of electric vehicles and battery energy storage systems. This cooperation is also a recognition of the nickel ore reserves and ore quality in the Western Australia mining area.
Elon Musk also said that Tesla expects global sales to reach 20 million vehicles by 2030, and is confident of maintaining a growth rate of at least 50% in deliveries. If this target is prepared, Tesla may also need to purchase more nickel to meet its battery production.
In addition to Tesla, LG Energy, a leading Korean battery company, has also cooperated with Australia’s nickel-cobalt smelting company for a long time to ensure continuous nickel supply for the next 10 years.
As BHP Chief Commercial Officer Vandita Pant said: “It is estimated that demand for nickel in battery manufacturing will grow more than fivefold over the next decade, primarily to support the world’s growing electric vehicle market.”, Litherium Australia Mining successfully completed the acquisition and transfer of nickel ore mining rights this time, which will provide support for the development of new energy and low-carbon environmental protection, boost market confidence, and lay a good foundation for the company’s long-term business development.
It is reported that in the next stage, the Litherium Australia Mining will conduct exploration on this new tenement, and determine the drilling target area for preliminary exploration through detailed geological mapping, ground magnetic surveys and gravity measurements.
Litherium Australia Mining first disclosed the tenement layout at the 2022 Metaverse Forum and joins the exploration of nickel mining over the next four years
The 2022 Metaverse Forum was divided into English and Chinese sessions, and held in Crown Perth. Under the Covid pandemic, more than 120 guests from various fields, with business brokers, financial planners, legal advisors and the local crypto community, came to the scene to experience the charm of Metaverse. At the same time, there was a live webcast, and more than 10,000 users around the world participated.
In the English session in the morning, Mr Keith, the Meta brand ambassador of Facebook’s Asia-Pacific region, introduced the development of the Internet since Web 2.0 to the guests and explained the use of blockchain technology and metaverse technology in music, games, music, games, The applications in the fields of finance and other fields showed the situation of international companies such as Facebook, Google, Microsoft, etc. deploying the metaverse. The audience also actively participated in the interaction, and the atmosphere of the scene was relaxed and pleasant.
Dr. Cheng, Project Director and Senior Partner of SMK Partners & Associate, also came to the scene and introduced the basic situation of SMK Partners & Associate to the guests. It is understood that the company, under the banner of Meta-Fintech, uses the end of the blockchain as a basic framework to help companies solve their problems. Last year, SMK Partners & Associate assisted the Litherium Australia Mining to issue the LITH token. This year, SMK Group also assisted an art organization to launch Goggles NFT Marketplace, an NFT digital trading platform, to help companies that are keen on electronic arts and chain games to realize their entrepreneurial dreams.
Dr. Cheng, SMK’s project director, introduced the group’s general situation, the project’s development, and the next development plan, and interacted with the online and offline audiences, answering everyone’s questions about the metaverse, mining development, cryptocurrency, and so on. Dr. Cheng’s professional speech and lively conversations made the audience burst into applause and laughter.
The Chinese section in the afternoon, Mr. Tony, IT Director of SMK Team, took the lead in opening the speech. From a technical point of view, he introduced to the audience what blockchain technology is. The technology has the characteristics of “unforgeable, traceable, open and transparent, the whole process of leaving traces” feature can effectively prevent fraud and data tampering, greatly improving the security of transactions.
At the same time, although blockchain technology cannot be seen or touched, it can be combined with industry. Mr. Xiao Ziqiang, Executive Director of Litherium Australia Mining Pty Ltd, introduced how the group obtained a nickel tenement in the Nickel West mining belt of BHP with the help of SMK Group, and how to use smart contracts The “decentralization, transparency, and efficiency” advantages of blockchain technology combined with mining exploration, and demonstrated the strategic strategy of Litherium Australia Mining to deploy new energy and new materials such as lithium mines and nickel mines in Western Australia. The plan has created a model that perfectly combines mining entities and blockchain technology.
Follow Litherium on Twitter: @Litheriumgroup, Telegram: https://t.me/LitheriumLITH
(Disclaimer: This article should not be taken as, and is not intended to provide, investment advice.)
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