Townsville, Australia

iM3TSV Lithium-ion Battery Plant

As announced on 5 June 2018, Magnis signed agreements to fast track the Townsville Battery plant, of which Magnis has 33.3% ownership alongside other investors in the Imperium3 consortium, including C4V LLC New York and Boston Energy and Innovation (BEI).

Highlights

• Magnis has 33.3% ownership in iM3TSV

• 18 GWh Lithium-ion Battery Plant to be located in Townsville, Australia

• Strong state and local government support

• Feasibility Study completed Sep 2019 – 18Gwh LIB plant indicates viable business case

• Next phase underway including planning & development approval, pilot manufacturing and verification

• Funding campaign commenced, with NAB engaged as financial advisor

• Government approvals for the $3.1 million grant supporting the feasibility study

• Proposed Plant to be developed in 3 stages – each 6Gwh reducing initial project capital and execution risk

• Site contains all major infrastructure including rail, power and close access to Port of Townsville

• Magnis will be providing anode materials and technologies using high-quality graphite

Proposed site - Woodstock in Queensland, located on the Flinders Highway, approximately 40km from the Port of Townsville.