Connect with us

Energy & Critical Metals

Progress made on 1.7GW Tasmanian hydrogen project

Woodside has secured land for its proposed H2TAS hydrogen plant, marking another step forward for large-scale production of renewable hydrogen and ammonia.
The…

Published

on

This article was originally published by Power Engineering International

Australian energy producer Woodside has secured land for its proposed H2TAS hydrogen plant,
marking another step forward for large-scale production of renewable hydrogen and ammonia on the Australian island of Tasmania.

The long-term lease agreement is for a partially cleared portion of land in the Austrak Business Park, in the Bell Bay area of northern Tasmania.

H2TAS is a phased development with the potential to support up to 1.7GW of electrolysis for
hydrogen and ammonia production. The initial phase would have a capacity of up to 300MW and target production of 200,000 tonnes per annum (tpa) of ammonia.

The project will make use of a combination of hydropower and wind power to create a 100% renewable ammonia product for export, as well as renewable hydrogen for domestic use.

In January 2021, Woodside signed a Memorandum of Understanding with the State of Tasmania, which
outlined the Tasmanian Government’s support for the H2TAS Project. The State recognises the value of
developing a hydrogen hub in the Bell Bay area that capitalises on Tasmania’s advantage in renewable energy generation.

Woodside announced in May 2021 a project consortium under a Heads of Agreement with Japanese
companies Marubeni Corporation and IHI Corporation. The parties have completed initial feasibility studies and concluded that it is technically and commercially feasible to export ammonia to Japan from the Bell Bay area.

H2TAS: Full Capacity (Conceptual image only). Credit: Woodside

Woodside CEO Meg O’Neill said: “H2TAS is already garnering interest from existing and prospective Woodside customers in Asia and Europe.

“Combined with our landmark H2Perth project announced last month, H2TAS will help to position Australia as a global leader in this emerging industry.”

Woodside is targeting a final investment decision in 2023, with construction and commissioning expected to take approximately 24 months.

The post Progress made on 1.7GW Tasmanian hydrogen project appeared first on Power Engineering International.

Author: Pamela Largue

Energy & Critical Metals

NEO Lithium’s Closest Neighbor Gets Ready to Drill

If you believe in the old adage, “the best place to find a deposit is near an existing one,” you should consider Portofino Resources (TSX-V: POR)…

lithium_triangle_portofino_resource

When Neo Lithium started early stage exploration they recovered surface lithium grades of 190 mg/L compared to 373 mg/L for Portofino Resources adjacent Yergo property.

pastedGraphic.png

If you believe in the old adage, “the best place to find a deposit is near an existing one,” you should consider Portofino Resources (TSX-V: POR). This Vancouver-based company holds an option to acquire a 100% interest in the Yergo lithium brine project located in Argentina, in the heart of the Lithium Triangle, along with the Allison Lake North lithium and rare elements property. Portofino also owns five gold projects in Canada, and is overseen by an exceptional management team with deep experience in the resources industry.

One of the reasons that all eyes are on the Yergo project is the growing demand for lithium to support the green revolution. As one of the world’s lightest metals, lithium is playing one of the largest roles in our green and clean future. Demand is predicted to increase seven times over the next 10 years, reaching a total global demand of 1.79 million metric tons. Furthermore, for every 1% surge in battery electric vehicle (BEV) market penetration, the world’s need for lithium will rise by an estimated 70,000 tonnes per year. 

This has industry experts asking – where will the supply come from?

Sharing a similar geological history with a world class asset

Argentina, Chile, and Bolivia comprise what is known as the Lithium Triangle, and these countries host a whopping 75% of the world’s lithium resources. Portofino’s Yergo project is a salar located approximately 15 kilometres southeast of Neo Lithium’s 3Q project – one of the largest and highest-grade lithium brine deposits in the world. It was initially discovered in late 2015 and took only five years to advance to the construction phase. In October of this year, Neo Lithium announced it had received an all cash, takeover offer of $960 million for all its outstanding equity from Zijin Mining. 

pastedGraphic_1.png

Situated in the Lithium Triangle which accounts for >40% of global production in concentrates and >90% of lithium brine resources, Yergo’s close proximity to the 3Q project is significant because the 3Q deposit hosts some of the lowest sulfate and magnesium impurities, classifying it as a world class asset. Furthermore, the 3Q project has measured and indicated resources of lithium grades of >900 mg/L. Portofino’s Yergo project is potentially an extension of the same salar as this neighbouring project with similar grades and low impurities. David Tafel, Portofino’s President and CEO commented:

“Given the proximity of Neo Lithium’s 3Q project, it is likely that the Aparejos salar has experienced a similar geological history, including lithium and potassium enrichment, due to their common evaporitic climate and local geology. The 3Q and Yergo projects are located within the same volcanic package likely with exposure to the same potential lithium source rocks and mineralizing processes.”

Portofino carried out an initial exploration program at the Yergo property in 2019 which included surface and near-surface brine sampling and geological mapping. The sample results reflected values of up to 373 mg/L lithium with low impurities. Following the initial sampling program, Portofino conducted a geophysical survey and geochemical sampling program in 2021. The project is drill ready with an initial drill program expected to commence shortly which will test the volume and content of the brines. 

Neo Lithium started early stage exploration at their 3Q project in 2016/2017 and recovered surface lithium grades of 190 mg/L compared to 373 mg/L for Yergo. Subsequently, Neo Lithium discovered surface samples in the northern salar containing an average lithium concentration of 784 mg/L. 

While we’re not implying that Yergo is definitively an extension of 3Q, we believe it’s a high odds possibility, and results from the their drill program will prove out Yergo’s significant potential. 

In April 2021, Portofino reported that it was adding to its lithium portfolio with the acquisition of the Allison Lake North lithium and rare elements property, located 100 kilometres east of Red Lake, Ontario. It is accessible by logging roads while a hydro-electric power line runs through the property. Ontario is home to several well-known lithium and rare element deposits, notably the PAK lithium deposit along the “Electric Avenue,” as well as the Spark deposit. 

Portofino completed a channel sampling and initial exploration program at the Allison Lake project in June, 2021. Initial grab samples returned values up to 398 ppm Li, 90.5 ppm Cs, 1040 ppm Rb, and 135 ppm Ta. Looking forward, this project will be the focus of an expanded geological exploration program. 

pastedGraphic_2.png

This is highly significant when considering that the global quest for electric vehicles and clean energy has caused lithium to emerge to the forefront as one of the most necessary components for lithium-ion batteries. Market penetration for electric vehicles is estimated at ~4% globally and is anticipated to jump to roughly 30% over the next decade. Furthermore, the processing of lithium brine to produce battery-grade lithium carbonate is a relatively simple process which has been tested for over 20 years. With the Zijin Mining proposal to acquire Neo Lithium for its 3Q project, it’s not a stretch to assume that other acquisitions and joint ventures will follow. 

 

 

 

 

Add in a high-grade gold portfolio

In addition to it’s two lithium projects, Portofino also holds the South of Otter and Bruce Lake projects in the Red Lake District, as well as Gold Creek, Sapawe West, and Melema West projects in the Atikokan District of Ontario. Both South of Otter and Bruce Lake projects are proximal to the Dixie Gold project, a high-grade gold deposit currently being explored by Great Bear Resources Ltd. (TSX-V: GBR). In the Atikokan District, the Gold Creek property is located immediately south of the Shebandowan Ni-Cu mine, and the Sapawe West and Melema West properties are located east of Atikokan.