Primero chasing battery materials work after ASX debut

Multi-disciplinary engineering company Primero Group has tapped investors for A$25 million as part of its listing on the Australian Securities Exchange.

The company, which has previously carried out work for the likes of Rio Tinto, CITIC Pacific Mining, PT Bumi Suksesindo and Resolute Mining, debuted on the ASX on Monday.

Primero has recently carried out early-stage works on Tawana Resources’ Bald hill lithium mine in Western Australia, a project that moved from maiden resource to concentrate production in nine months.

Its expertise was also sought by Northern Minerals, when it contracted Primero to construct the hydromet pilot plant (pictured, in construction) and heavy rare earth mine at the Browns Range project in the Tanami region of both Western Australia and Northern Territory.

Currently capitalised at just over A$59 million, the company carries out engineering consulting for feasibility studies and project development, detailed design, project management and construction, project operations, maintenance, enhancement and support, and project retirement.

It sees the battery materials sector, in particular, as one potential growth opportunity.

“Primero is well placed to capitalise on future battery materials work in Australia and overseas given its specialist expertise and credentials,” the company said.

In addition to working with Tawana and Northern Minerals in this space, the company has also been contracted by Pilbara Minerals (Pilgangoora lithium project) and Galaxy Resources (Mt Cattlin lithium project).

“The company believes that development projects within this sector will form a key part of its future
project pipeline,” Primero said.