Avenira Limited (ASX: AEV) has announced the termination of its License and Technology Transfer Agreement and Subscription Agreement with Advanced Lithium Electrochemistry Co Ltd (Aleees), effective from 11 February 2025. The decision was reached by mutual agreement before Avenira was required to make a further licence payment on 1 January 2025. As a result, Avenira will not be required to make any additional payments to Aleees and has been fully released from all claims and liabilities arising from the agreements. Additionally, performance rights held by Aleees have lapsed.
Following this, Avenira’s board has decided to prioritise the Wonarah Phosphate Project through a phased development strategy focused on disciplined capital allocation and sustainable growth. The key phases include:
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Early revenue generation: Development of direct shipping ore (DSO) operations is already underway, leveraging the existing Mining Authorisation 1170-01 and awaiting approval of a resubmitted Mine Management Plan. Operations are targeted to commence in late Q3 or early Q4 2025.
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Regulatory and technical studies: Environmental studies and Environmental Protection Authority (EPA) assessments are progressing to support future developments, including the Flotation Project, Stage 3 DSO, YP Project, and TPA Project.
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Feasibility study: The company is conducting feasibility studies to assess the potential for upgrading its 812Mt resource base into commercial-grade products, enhancing scalability and long-term viability.
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Future downstream production: Avenira plans to expand into high-value phosphorus-based products. The YP Project will target global demand for high-grade phosphorus products across agriculture, chemicals, and renewable energy. The TPA Project will focus on producing high-purity phosphoric acid for specialised applications, broadening Avenira’s product portfolio and diversifying revenue streams.
Deputy Executive Chairman Brett Clark said the strategy allows Avenira to re-focus its efforts on a development pathway that provides the opportunity for early revenue generation in the second half of 2025.
