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Lithium Australia NL updates on Cinovec Project

Published: 08:30 04 Nov 2016 AEDT

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LIT has lodged an application seeking a number of declarations from the WA Supreme Court.

Lithium Australia NL (ASX: LIT) has provided an update on the Cinovec Project L-Max Licence Agreement.

LIT had previously sought and obtained an exclusive L-Max Licence for potential use in the Cinovec Project and also for other projects, as may be nominated by LIT (Cinovec Licence).

That licence was issued by Strategic Metallurgy Pty Ltd and the beneficial ownership subsequently ceded to Platypus Minerals Ltd (ASX:PLP).

LIT has lodged an application seeking a number of declarations from the WA Supreme Court including:

1. The current agreements remain valid and enforceable; and
2. A declaration that the Sileach™ process does not infringe the proprietary rights of the owner of the L-Max Process.

LIT said that it will keep the market informed as to status of this application.

Adrian Griffin, managing director, commented:

"Lithium Australia will enforce its contractual rights, especially its exclusive right to use L-Max in Western Australia.

"LIT will also enforce its rights under the relevant intellectual property legislation with respect to its ownership of the halogen based Sileach™ process.
"The unique Sileach™ chemistry was developed to ensure all lithium bearing silicates could be treated without roasting.

"The Sileach process remains the only process capable of that achievement."

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