NOVONIX Ltd (AU:NVX) has released an update.
NOVONIX Ltd and Lithium Energy Ltd have jointly announced the impending IPO and ASX listing of Axon Graphite Limited, a merger of their high-grade graphite assets, aimed at creating a new Battery Anode Material business in Queensland, Australia. An updated Mineral Resource Estimate for NOVONIX’s Mt Dromedary Deposit reveals a significant resource of 12.7 million tonnes at 14.5% graphitic carbon, including a high-grade portion of 8.5 million tonnes at 18.4%. This collaboration is poised to enhance operational synergies and scale, leveraging the adjacency of Mt Dromedary and Burke deposits to establish a large-scale mining operation feeding a vertically integrated BAM facility.
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