Magnis Resources
ASX-listed Magnis Resources has announced Woodstock in Queensland, Australia, as the site location for the Townsville Lithium-ion Battery Gigafactory.

Site selection of the Lithium-ion Battery Gigafactory is a key milestone that demonstrates the commitment by all parties, including the local and state government, to fast track the Gigafactory.

The project will now move into a feasibility study to initiate the design and engineering phase.

The parcel of land offered is roughly 400 ha and is on flat terrain and high lying with major infrastructure including rail, power and fibre-optic cable.

In recent weeks, meetings have taken place with senior officials of Townsville City Council and Members of Parliament in the Queensland State Government.

This resulted in the identification and provision of several potential local council and state development sites, which meet the consortium’s criteria.

Independent engineers, along with key members of the consortium, visited all sites and chose Woodstock as the most suitable location for the battery plant.

“As I have stated on many occasions, the Townsville Lithium-ion Battery Gigafactory could be the biggest stimulus ever for the Townsville economy with the potential of 7 000 jobs created,” comments Townsville City Council Mayor Jenny Hill.

“We are committed to making sure that this project is our number one priority,” adds Hill.

“The announcement shows how serious all stakeholders are in getting this battery plant up and running and the consortium is excited by the interest coming in from potential buyers of the batteries and funders,” says chairman of Magnis Resources Frank Poullas.

“This announcement is an important step forward for the Townsville battery plant. We are encouraged by the support we continue to receive, especially from government bodies,” adds Boston Energy and Innovation director Corey Cooney.

The consortium led by Boston Energy and Innovation consists of Magnis, New York-based Eastman Kodak Group , Charge CCCV and C&D Assembly.

The consortium is committed to transforming Australia’s energy security by pledging the new batteries will be cost competitive, better performing, a sustainable supply chain, environmentally friendly and an alternative to current major energy suppliers.