Magnis Resources Limited provide an update on the Lithium-ion battery manufacturing plant planned for construction in Germany. A Memorandum of Understanding (MOU) for the construction of a 30GWh lithium-ion battery plant was announced on 6 October 2017. The MOU was signed between Magnis and WIN for a plant based in North Rhine Westfalia, Germany. First Phase Study: The consortium has approved commencement of the first phase study, which entails seeking government support, project incentives, and the selection of a final project location, chosen from two potential sites. The establishment of a supply chain cluster has also begun with discussions having commenced with a range of existing conglomerates in regional chemical clusters. The common goal has been to establish a major project stakeholder and additional strategic partnerships while obtaining funding to proceed to the next phase.