Maintaining Strategy to Deliver Volumetric Growth
Strengthening Global Footprint in Resources and Conversion
Q2 2023 Project Developments
Chile
•
Salar Yield Improvement Project achieved mechanical
completion and has moved to the commissioning phase
Australia
•
Kemerton I is operating and producing battery-grade
product subject to customer qualification
Kemerton II is progressing through commissioning
Kemerton III/IV have been gated into execution
China
Amended Agreements with Mineral Resources
•
Acquire 100% ownership of Kemerton
•
Wodgina jointly owned 50/50 under MARBL JV
10% interest in Wodgina exchanged for 25% interest in
Kemerton
Expected to pay $380-400M upon closing, roughly split
between:
Purchase of remaining 15% ownership of Kemerton
Settlement adjustments for economic effective date of
April 1, 2022 and other transaction costs
Retain 100% ownership of Qinzhou and Meishan
•
Qinzhou ramping on-schedule to nameplate capacity
•
Meishan construction progressing on-budget and ahead
of schedule with mechanical completion expected in early
2024
•
Closing anticipated later this year, pending Australian
regulatory approvals
Strong execution capability with projects at scale across multiple continents
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