Land Amendments Progress Townsville Lithium-ion Battery Plant

Magnis Energy Technologies Limited (“Magnis”, the “Company”) (ASX:MNS) is pleased to provide an update on progress to the Imperium3 Townsville (“iM3TSV”) 18 GWh lithium-ion battery cell manufacturing plant, planned for Townsville, Queensland.

  • Townsville City Council has now formally adopted an amendment to its planning Scheme, allowing the iM3TSV project to progress
  • The Scheme will allow the Development Application (DA) to be lodged in the coming months.
  • Discussions with investors continues following significant interest in the project.

Magnis Energy Technologies Limited (“Magnis”, the “Company”) (ASX:MNS) is pleased to provide an update on progress to the Imperium3 Townsville (“iM3TSV”) 18 GWh lithium-ion battery cell manufacturing plant, planned for Townsville, Queensland.

Townsville City Council (“Council”) has now formally adopted an amendment to its planning scheme (“Scheme”) to create a new, jobs-generating industrial precinct on the former Lansdown Station site at Calcium near Townsville.

The Scheme will now allow the iM3TSV consortium to lodge its Development Application with Council for Stage 1 of the proposed lithium-ion battery manufacturing plant in the near future. GHD, one of the contributors to the Study, are currently completing detailed reports to be included in the Development Application, which Magnis expects to be completed in the coming months. The full article on Council’s adoption of amendments can be found at the following link:

On 1 October 2019, it was announced that iM3TSV, in which Magnis holds a one third share, submitted a feasibility study (the “Study”) to the Queensland Government, for a planned 18 GWh lithium-ion battery cell manufacturing facility in Townsville. The Study incorporated a staged approach, whereby the facility would be built in three tranches of 6 GWh.

Figure 1: Computer generated image of the Townsville Lithium-ion Battery Plant

Townsville Mayor, Jenny Hill, commented: “Council is committed to establishing an environmentally sustainable, advanced manufacturing, processing and technology estate on the site that will drive economic growth and job creation for North Queensland.”

“This growth and job creation are important for our economic recovery from the COVID-19 global pandemic as well as our long-term future.”

“Council welcomes the State Government’s approval of our proposed amendment and will continue to engage with project partners to progress potential projects for the Lansdown industrial precinct.”

Magnis Chairman Frank Poullas commented: “We are encouraged by the progress made in Townsville as we field some serious interest from investors seeking to be involved with the project. It’s great to have the support from all forms of government who see the opportunity to bring large-scale high-tech manufacturing into Townsville.”

In addition to the compilation of a DA submission with GHD, iM3TSV has also been progressing through the next phases of work that include development of validation testing programs and project funding. This work is being performed with various stakeholders that include financing advisor NAB, manufacturing equipment vendors and various instruments and institutions of government.

This announcement has been authorised for release by the Board of Magnis Energy Technologies Ltd.

For further information:

Frank Poullas

Executive Chairman

Ph: +61 2 8397 9888

Click here to connect with Magnis Energy Technologies (ASX:MNS) for an Investor Presentation.


Torian Resources Limited Significant Gold Results from Surface at Mt Stirling

Perth, Australia (ABN Newswire) – Torian Resources Ltd (ASX:TNR) is pleased to advise that recent drilling results continue to extend the Mt Stirling Gold System over ~1.1km of Strike, ~300m at depth, and it remains open in multiple directions.


– The interpreted strike of the Mt Stirling gold system exceeds 1.160km with Mt Stirling Main Zone; Hanging Wall and Viserion lodes all remaining open along strike and down-dip.

Keep reading... Show less

eMetals Limited Updates Shareholders On Exploration – April 12, 2021

eMetals Limited (ASX:EMT) (eMetals or Company) is pleased to update shareholders on exploration activities which have commenced across the Company’s projects.


Keep reading... Show less

Discovery Harbour Provides Newcrest’s Planned Program for Fortuity 89, Nevada

Discovery Harbour Resources Corp. (TSXV: DHR) (OTC Pink: DCHRF) (FSE: 4GW) (the “Company” or “Discovery Harbour”) is pleased to announce that Newcrest Resources Inc., a wholly owned subsidiary of Newcrest Mining Limited (“Newcrest”), has provided the details of its planned program for the Fortuity 89 epithermal gold property in Nevada.

The Fortuity 89 property covers very limited outcrop surrounded by a large covered area. The outcrop and interpreted geology are prospective for concealed low sulphidation epithermal gold mineralization below shallow unconsolidated alluvial gravels. Newcrest’s planned activities include a geophysical program encompassing a 675 line kilometre drone airborne magnetic survey, a 250 station ground gravity survey and a 45 line kilometre audio band magnetotellurics (AMT) resistivity survey. It is intended that geologic and alteration sampling and mapping will also be undertaken with a soil geochemical sampling program. The intended outcome of this program is to identify potential drill targets for testing this calendar year.

Keep reading... Show less

Blackdome-Elizabeth Gold Project 2021 Exploration Plan and Update

Tempus Resources Ltd. (“Tempus” or “the Company”) (ASX:TMR)(TSXV:TMRR) is pleased to provide an update on the exploration plan for the upcoming field season at the Blackdome-Elizabeth Gold Project, located in British Columbia, Canada

The 2021 exploration program at Elizabeth and Blackdome is fully permitted and on schedule to commence at the end of Q2, 2021. The program will consist of 7,500 metres of down plunge and along strike diamond drilling at Elizabeth to expand the known gold mineralisation, in parallel with detailed alteration and mapping studies at Blackdome in support of future resource expansion drilling.

Keep reading... Show less

Rio Tinto reaches agreement with Turquoise Hill Resources on financing plan for Oyu Tolgoi

Rio Tinto has entered into a binding Heads of Agreement (HoA) with Turquoise Hill Resources (TRQ) for an updated funding plan (the “Funding Plan”) for the completion of the Oyu Tolgoi (OT) Underground Project in Mongolia. The Funding Plan addresses the estimated remaining known funding requirement of approximately $2.3 billion 1 , building on and replacing the arrangements established in the Memorandum of Understanding that Rio Tinto and TRQ previously entered into on 9 September, 2020.

Under the HoA, subject to securing approval by OT LLC and any required support from the Government of Mongolia, and subject to timing, availability, and terms and conditions being acceptable to both parties, Rio Tinto and TRQ will:

Keep reading... Show less

Top News

Related News