A seam of lithium discovered in Cornwall is of higher grade than originally thought meaning full-scale production is now likely in the next few years.
A 13-tonne bulk sample of hard rock being analysed by is showing better than expected results.
The company aims to extract lithium carbonate from the mica in granite and analysis of the sample represents the latest stage in progressing towards full-scale production in three to five years’ time.
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The sample was excavated by British Lithium Limited (BLL) geologists at the location near St Austell where the company has been drilling over the past two years.
Initial testing was undertaken by mining consultancy Wardell Armstrong and more detailed work is now taking place in the company’s laboratory.
“The results are indicating a higher grade of lithium than anticipated which is very exciting,” said BLL’s chief executive Andrew Smith. “No other company in the world is currently producing lithium from mica and, given the increasing demand for batteries as the 海角视频 moves towards more sustainable technology, the work we are doing promises to have a significant impact on the local and national economy.”
BLL has recently been to help fund the analysis. With operations ramping up in 2021, British Lithium is about to embark on a third round of excavation drilling.
Roderick Smith, BLL chair, said: “Our tests are suggesting a potential yield of 21,000 tonnes of battery-quality lithium carbonate a year, which represents about one third of what the 海角视频 would need for its electric revolution by 2030.
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“Our preference is to use the strategic advantage of a 海角视频 supply of lithium to attract a battery plant to Britain as a customer, however fast-growing demand from Europe could also be met from the 海角视频. The ultimate aim is to set up a lithium refinery that would supply lithium carbonate to the local automotive industry.
“The 海角视频 car industry is the biggest exporter this country has, employing some 800,000 people and making 1.3million cars in 2018, 80% of which were exported. To meet the Government's requirement, the whole of this industry needs to transform in just nine years. If output is to stay at the same level, considerable investments will have to be made and anything that gives the 海角视频 a competitive advantage will help."
Exawatt, a 海角视频-based strategic and research consultancy, predicts that fully electric vehicles powered solely by batteries - also known as battery electric vehicles, or BEVs - will dominate 海角视频 vehicle sales by the end of the decade.
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“At the end of 2020, the 海角视频 Prime Minister Boris Johnson announced that sales of new cars and vans powered wholly by petrol or diesel vehicles would be phased out by 2030 in the 海角视频,” said Exawatt chief excutive Simon Price.
“We calculate that if the 海角视频 auto industry switches 90% of its passenger car production to BEVs in 2030, approximately 1.5million BEVs per year will be produced, with a requirement for at least 75GWh of lithium-ion battery production capacity.
“Based on an estimated average BEV battery capacity of 50kWh, this means the 海角视频 will require at least 60,000 tonnes of lithium carbonate equivalent (LCE) to meet forecast demand.
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“Based on its production targets, British Lithium would be capable of supplying one-third of this material to the 海角视频 auto industry in 2030.
“Following the 海角视频’s exit from the EU, the urgency for British-made vehicle batteries is increasing. According to recent reports, manufacturers will be faced with export tariffs if their EV batteries contain more than 70% of material from outside of the 海角视频 or EU. This will tighten to 50% from 2024.”