- Zeotech (ZEO) is named as an industry partner in the successful Resources Technology and Critical Minerals Processing Trailblazer Program, led by Curtin University
- The program will be used to accelerate commercialisation of the company’s proprietary cleantech innovation for lithium process by-product
- In conjunction with project partners, the University of Queensland (UQ) and Covalent Lithium, the objective is to progress from current pilot plant phase through to commissioning and factory acceptance of a large-scale commercial demonstration plant
- Zeotech estimates the project budget to be around $10.4 million, with its remaining net cash contribution anticipated to be between 25 to 30 per cent of the total project budget
- ZEO shares are up 8.33 per cent, trading at 6.5 cents
Zeotech (ZEO) has been named as an industry partner in the successful Resources Technology and Critical Minerals Processing Trailblazer Program, led by Curtin University.
The program will be used to accelerate commercialisation of the company’s proprietary cleantech innovation for lithium process by-product, in conjunction with project
partners, the University of Queensland (UQ) and Covalent Lithium.
The cleantech innovation project’s objective is to progress from current pilot plant phase
through to commissioning and factory acceptance of a large-scale commercial demonstration plant, with technology readiness level (TRL) milestones set at each stage of development.
Zeotech estimates the project budget to be around $10.4 million comprising a contribution from UQ and cash, infrastructure, and in-kind contributions from project partners.
Its remaining net cash contribution is anticipated to be between 25 to 30 per cent of the total project budget, including infrastructure expenditure committed on the existing pilot plant program and utilising the Commonwealth Government’s Research and Development (R&D) tax incentive.
“The Trailblazer recognises the importance of managing all aspects of critical mineral processing and validates the commercial potential of Zeotech’s proprietary technology and the funding secured sets a clear path to commercialisation,” Managing Director Peter Zardo said.
The Trailblazer University Program (“Trailblazer”) was announced on November 24, 2021 and includes a $242.7 million Federal Government funding for select universities to boost prioritised R&D and drive commercialisation outcomes with industry partners.
On April 19, the Curtin-led Resources Technology and Critical Minerals Processing Trailblazer was named the first of Australia’s Trailblazer universities by Prime Minister Scott Morrison.
ZEO shares were up 8.33 per cent, trading at 6.5 cents as of 12:43 pm AEST.