Infinity Lithium

RYAN PARKIN

MANAGING DIRECTOR

(ASX:INF)

◾ Company Name: Infinity Lithium ◾ Company ASX code: INF ◾ Key commodities: Lithium ◾ Key Personnel: Ryan Parkin, Managing Director & CEO | Adrian Byass, Non-Executive Chairman | Jon Starink, Chief Technical Officer ◾ Locations: San Jose Integrated Lithium Chemical Project in the Extremadura region of Spain ◾ Market Cap as of 15/07/22: $46.65M ◾Share price range over 12 months as of 15/07/22: $0.225 - $0.094 ◾ Company Website: infinitylithium.com

COMPANY PROFILE

With the preponderance of lithium miners cropping up around the world, it makes total sense to discover that there’s an Australian company running its own operation in the Extremadura region of Spain, near the border it shares with Portugal, and just 3 hours from Madrid.

And while that may seem like it’s a little bit out of the way for an Aussieled company, Infinity Lithium is most definitely on the European continent by design.

“There is going to be an enormous supply deficiency over the next decade, and that’s something that is unavoidable,” Infinity Lithium managing director and CEO Ryan Parkin says.

“The European auto-industry’s seismic shift towards electrification is rapidly accelerating with EV penetration rates globally already creating a shortage of lithium chemicals. Looking further down the road, lithium mining – and more importantly, lithium chemical conversions for battery grade products – is going to need to increase significantly.”

That’s why the company has been leading the development of innovative, sustainable lithium processing technologies through its Infinity GreenTech business.

Separately, Infinity has ambitions to develop the EU’s second largest hard rock lithium deposit, utilising the highest environmental credentials known for hard rock lithium mining and processing.

“Infinity is ideally positioned for the European market, where by 2030, the region’s going to have more than 1000gW/h of lithium-ion battery plants in the pipeline,” Parkin says.

“Europe’s been very focussed downstream, but ultimately they don’t have the material to be able to fuel these developments – and Infinity’s global leading project has proven the ability to produce battery-grade lithium chemicals on-site, where the resource is located.”

Infinity’s integrated lithium chemicals project will not only provide a sensible business case for the extraction and processing of lithium, but also help the company deliver to market a product that is as ecologically friendly as possible.

Infinity’s 100% underground extraction methods create next to no disturbance to local terrain as well as reduce dust and noise production, while allowing non-toxic waste products to be reinserted back underground as part of the immediate rehabilitation process.

Operating beneath the surface, Infinity plans to run electrified mining equipment to remove one of the larger carbonised components of traditional mineral extraction, with renewable energy used to power its fleet, its infrastructure and potentially green Hydrogen for its kiln to further minimise the product’s carbon footprint.

At the end of 2021, Infinity signed an MoU with Engineering firm Thyssenkrupp to explore the use of Green Hydrogen to power its kiln at San José, once again seeking to eliminate – in a world-first – what is normally one of the higher carbonised components of lithium processing.

In terms of the processing requirements, the on-site conversion plant is set to use stage crushing and flotation resulting in removal of waste and upgrading the lithium grade of the concentrate.

This is followed by blending of the lithium bearing mica concentrate with a benign, recyclable sulphate introduced as part of the roasting process where calcining liberates the lithium, and the material is then leached with water to deliver strong recoveries of lithium sulphate in solution.

The leadership team at Infinity features a raft of senior figures from the mining and business worlds, and draws on the combined nous of Parkin, Non-Executive Chairman Adrian Byass and Executive Director & Chief Technical Officer Jon Starink to ensure that strategic partnerships, business relationships and the fundamentals of the operation as a whole are met.

KEY INVESTMENT HIGHLIGHTS

MAY 3, 2022: Infinity Lithium fast-tracks Greentech lithium chemical conversion process on key deal with Murdoch University. FEBRUARY 10, 2022: San José produces increased volumes of battery grade Lithium chemicals. DECEMBER 6, 2021: Infinity & Thyssenkrupp BU Mining to assess Green Hydrogen at San José.