Iron project developer signs up for hydrogen power trial
Macarthur Minerals (ASX: MIO) (TSX-V: MMS) said today that it is signed an agreement with LAVO Hydrogen Technology to trial the company's hydrogen energy batteries to power Macarthur's Lake Giles Iron Project (“Project”) in the Yilgarn region of Western Australia.
The technology combines solar and hydrogen production.
"LAVO uses an innovative, patented metal hydride to produce hydrogen energy batteries. The battery system acts as a solar sponge, integrating with solar arrays to capture and store renewable energy for use when needed. The unit creates Hydrogen from water, stores the Hydrogen into LAVO’s patented metal hydride and generates electricity by converting hydrogen into power," said Macarthuer in a news release.
On Macarthur's webiste, the company puts the Lake Giles Iron Project mineral resources at an indicated resources of 54.5 million tonnes at 47.2% Fe and inferred resources of 26 million tonnes at 45.4% Fe; and the Lake Giles magnetite resource of 53.9 million tonnes (Measured), 218.7 million tonnes (Indicated) and 997 million tonnes (Inferred).